FACT CHECK: Marcos Sr. Letter of Instruction prescribing distribution of gold does not exist

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FACT CHECK: Marcos Sr. Letter of Instruction prescribing distribution of gold does not exist
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FactCheck: No such Letter of Instruction prescribing the distribution of 'Marcos gold' can be found in the Official Gazette. FactsFirstPH

A Letter of Instruction document signed by former president Ferdinand E. Marcos on January 12, 1983, prescribed the distribution of so-called “Marcos gold” kept in a bank deposit.A video uploaded on March 23 in the YouTube channel “PweDelie TV” titled “NAKAKAKILABOT NA MARCOS ACCOUNT! GRABE PAG-ANGAT NG PILIPINAS SA PAMUMUNO NI PBBM HINDI NA MAPIGILAN” showed the text of the claimed Letter of Instruction. As of writing, the video has already had 39,424 views.

The claimed LOI document was preceded in the video by a claimed “Gold Bullion Certificate” from Banco de Oro Unibank or BDO issued on January 12, 1983, the same as what’s in the document. The certificate also had the watermark “BANCO DE ORO ORIGINAL COPY” in the middle.No such Letter of Instruction prescribing the distribution of “Marcos gold” exists.

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