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Karl Bock Peterson
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Marcos Indicted for Racketeering : U.S. Says Ex-Philippine Leader, Wife Diverted Millions of Dollars
October 22, 1988 | RONALD J. OSTROW and WILLIAM C. REMPEL, Times Staff Writers
A federal grand jury Friday indicted former Philippine President Ferdinand E. Marcos and his wife, Imelda, on charges that they diverted Philippine government funds to buy millions of dollars' worth of New York real estate in a massive racketeering scheme of fraud, embezzlement, bribery and obstruction of justice. A 79-page indictment charged the Marcoses, Saudi Arabian financier Adnan Khashoggi, seven other individuals and Los Angeles-based California Overseas Bank.
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NEWS
Marcos Indicted for Racketeering : U.S. Says Ex-Philippine Leader, Wife Diverted Millions of Dollars
October 22, 1988 | RONALD J. OSTROW and WILLIAM C. REMPEL, Times Staff Writers
A federal grand jury Friday indicted former Philippine President Ferdinand E. Marcos and his wife, Imelda, on charges that they diverted Philippine government funds to buy millions of dollars' worth of New York real estate in a massive racketeering scheme of fraud, embezzlement, bribery and obstruction of justice. A 79-page indictment charged the Marcoses, Saudi Arabian financier Adnan Khashoggi, seven other individuals and Los Angeles-based California Overseas Bank.
