Greatest robbery of a Government
Ferdinand Marcos
5000000000 - 10000000000 US dollar(s)
Philippines ()

The government of the Philippines announced on 23 Apr 1986 that it had succeeded in identifying $860.8 million (£569.5 million) salted away by the former President Ferdinand Edralin Marcos (1917–89) and his wife Imelda. The total national loss from November 1965 was believed to be $5–$10 billion.

Ferdinand and Imelda Marcos fled to Hawaii, USA, in 1986, where the former president died. Imelda Marcos returned to the Philippines in 1991, and was found guilty of corruption in 1993. However, Imelda Marcos was cleared of all charges on appeal in October 1998. The Philippine Supreme Court acquitted her, setting aside a 12-year jail sentence. The decision - by a majority of 8-5, with 1 abstention - reversed a January ruling by the Supreme Court on her 1993 conviction by a lower court.