Aquino urged to pull out coco levy funds from SMC, Danding Cojuangco

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LUCENA CITY—Coconut farmer-leaders from across the country have called on President Benigno Aquino III to reclaim the multibillion-peso coconut levy funds invested in San Miguel Corp. (SMC), the food giant under the control of his uncle-tycoon, Eduardo Cojuangco Jr.

“We demand (from) the Aquino administration to immediately pull out the coco levy funds from SMC. It is the only way to break Cojuangco’s control over the funds and pave the way for its immediate return to small coconut farmers,” Willy Marbella, the spokesperson of the newly formed Kaisahang Pambansa ng mga Magsasaka sa Koprahan (Koprahan), told reporters.

Marbella was among over 200 delegates from the coconut-producing regions of Bicol, Eastern Visayas and Northern and Southern Mindanao who gathered at the covered basketball court in Barangay (village) Ibabang Dupay for the two-day “National Small Coconut Farmers’ Summit” that started here on Wednesday.

Marbella, deputy secretary general of the militant Kilusang Magbubukid ng Pilipinas (KMP), noted that most coconut farmers, who were still in their youth when the levy was imposed during the martial law regime in the 1970s, had died without seeing the benefits promised by the funds.

The funds, invested in SMC, are now estimated to be worth between P50 billion and P100 billion.

“Cojuangco has been controlling the funds for almost four decades now,” Marbella rued.

“Under the guise of developing the coconut industry, Cojuangco used the funds in private investments that enabled him to acquire and expand his business empire and interests which he turned into private domains of economic monopoly and dominance.”

Setback

Last week, the farmers suffered a setback in their fight for the return of the levy funds when the Office of the Ombudsman declined to pursue a plunder case filed by the KMP against Cojuangco.

The Ombudsman said the issues raised in the complaint had already been addressed by the Supreme Court, which declared that Cojuangco was the rightful owner of the 20-percent block of shares in SMC being claimed by the farmers as having been bought out of coco levy funds.

The 20-percent block of shares was part of a 47-percent block of SMC shares that the government sequestered after the Edsa “people power” revolution in 1986.

27% to gov’t

In January, the Supreme Court affirmed a 2004 ruling of the Sandiganbayan that awarded the 27-percent block of shares in SMC registered in the name of the Coconut Industry Investment Fund (CIIF) and its holding companies to the government, which has been holding it in trust for the country’s coconut farmers.

The 27-percent stake was, however, reduced to about 24 percent after it was diluted with the investment of Japanese brewer Kirin in SMC.

The summit participants also called for the enactment of House Bill No. 3443, or the proposed Coconut Levy Funds Administration and Management Act, filed by Anakpawis Representative Rafael Mariano that sought to set up the Coconut Farmers’ Fund for the rehabilitation and development of the coconut industry.

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  • http://profile.yahoo.com/4QV3ABNN4GIPXWFKYCYMOKT5XE Manila

    Its bad enough the coco levy funds went to Cojuangco, but the CIIF shares shouldn’t stay with the nephew in Malacanan. Give it back to the farmers per SC rule.

  • http://pulse.yahoo.com/_XYPFIGTBA5LXMX2UBLCQVG5AQE Martin

    Hey NoyNoying on the CoCo levey will make Uncle Danding lots of money.will make.
    Hey NoyNoying on the Oil price makes Uncle Danding Petron lots of money.

  • http://pulse.yahoo.com/_XYPFIGTBA5LXMX2UBLCQVG5AQE Martin

    NoyNoying on the CoCo Levy makes Uncle Danding lots of money.
    NoyNoying on the Oil Prices makes Uncle Danding lots of money.
    NoyNoying on the Hacienda makes Uncle Danding lots of money.

    • DaangTuwid

      heto ang sinasabi ko, Si Noynoy na naman tinututuro, pwede bang magbasa muna kayo..Hinatulan ng supreme court ni corona ang kasong ito nung 2010. Sabi nila , wala daw katibayan na me malapit si Danding kay marcos ,hi hi hi, sabi nung dissenting opinion ni morales, ridiculous ..100 billion pala ang pinaguusapan dito, di ba lumaki pera ni CJ nung 2010 at nag ka dollar account sya?si Atty Mendoza pala abogado ni mr. Danding :-)

  • UsoUso82

    UsoUso82,
    a good challenge for Pnoy to do and act of this fund today. We will wait if he can act anyway.
    Bantayan ng maigi ang action ni Pnoy.

  • EdgarEdgar

    Oooooops. Tito Danding might not like this. But then again, Tito Danding is on life-support anyway. Time for the farmers to benefit from their sweat and blood.

    • DaangTuwid

      heto ang sinasabi ko, Si Noynoy na naman tinututuro, pwede bang magbasa muna kayo..Hinatulan ng supreme court ni corona ang kasong ito nung 2010. Sabi nila , wala daw katibayan na me malapit si Danding kay marcos ,hi hi hi, sabi nung dissenting opinion ni morales, ridiculous ..100 billion pala ang pinaguusapan dito, di ba lumaki pera ni CJ nung 2010 at nag ka dollar account sya?si Atty Mendoza pala abogado ni mr. Danding :-)

      • EdgarEdgar

        You’re reading a different article you blind yellow fanatic. The article states the ombudsman declined to pursue a plunder case filed by the KMP against Cojuangco. If she did, the farmers stand to gain the other 20% which was denied them by the SC. What’s stopping Noynoy’s ombudsman from reclaiming the 20% if she thinks they rightfully belong to the farmers? If Noynoy can’t be stopped from filing an MforR to SC for his private HLI interest, why can’t he do the same for the coco farmers?

        In short, both the ombudsman and Noynoy are turning a blind eye to the rightful claim of the coco farmers.  DaangTuwid, I’m sad to say you failed in reading comprehension again. Try next year.

  • http://pulse.yahoo.com/_HALAYDLIBIZQ5PAEONHE3DZBTA Joji

    cojuangco at aquino clans are enjoying the money from the farmers..more than 100million binigay ni danding kay abnoy para sa kanyang kampanya. sa tingin niyo kikilos kaya si abnoy?……..sino ngayon ang mas kurap si noynoying o gma? kay gma puro accusation lang itong si nonoying obvious na masyado pero ang iba dyan nagbulagbulagan sa katutuhanan!

  • ThudOthwacker

    Pulling out of SMC is a stupid move. First, To sell the 20% stake will take time and the value will be lower. Second, Danding will be free to grab 20%. Solidifying his hold further in SMC.

    What Pnoy needs to do is abolish the ill conceived PCGG.  Jovito Salonga still blames Marcos for the Plaza Miranda Bombing. Despite resurfacing of new evidences contrary to his faux belief. PCGG is a vindictive political tool  turned into greedy monster. Instead to act as a custodians. They firmly hold on to the assets and enjoys its perks. Ramos and Arroyo used it to reward loyal sycophants.   

  • turin55555

    20 percent belongs to Danding, 27 percent belongs to the government.

    A full-page ad was paid for a few months back in this paper wherein Danding stated that the 20 percent has been ruled by the SC that it belongs to him. He urged the farmers, or something to that effect, that they should go after their 27 percent share from the government. So, he was never trying to own the farmers’ share – just his 20 percent share which he had fully paid for the past decades.

    Malicious naman yata ang dating nitong si Marbella. Sa SC sya magreklamo.

  • randyaltarejos

    Is there any legal technicality if the government pulls out its stakes in the SMC? If there’s none, then the government can invest the money somewhere else and to be managed by the  proposed Coconut Levy Funds Administration. When enacted into law, this office should be put under the Office of the President, instead of the Philippine Coconut Authority.

    • DaangTuwid

      Wala na pong habol, hinatulan na ni Corona ito nung 2010 at ng 8 famous na justice, wow 100 billion..dollar account here i come..

  • Sooosnamn

    Kaya nga minamadali ni Pnoy ma impeach si CJ Corona…para matugunan agad nang pansin yan Coco Levy fund, at Hacienda Luisita!!! Pnoy will appoint a new puppet CJ then reverse all cases on Coco Levy fund and Hacienda Luisita in favor of the Cojuancos… After that, he would say case close and problem solved!!!!

    • Alajero

      …i don’t think Mr. Aquino will just take care of his personal business…and leave…
      …what would the people…and media say…?

      • Sooosnamn

        You know Alajero, Pnoy and his family are the type of people who does not give a dam!!! Only their self interest. Bakit si Cory and nanay niya naka lusot Sa taong bayan at media when she decided to exempt Hacienda Luisita from Argrarian Reform…coz, she also does not give a dam!!!

    • DaangTuwid

      MAGBASA KA NAMAN…heto ang sinasabi ko, Si Noynoy na naman tinututuro, pwede bang magbasa muna kayo..Hinatulan ng supreme court ni corona ang kasong ito nung 2010. Sabi nila , wala daw katibayan na me malapit si Danding kay marcos ,hi hi hi, sabi nung dissenting opinion ni morales, ridiculous ..100 billion pala ang pinaguusapan dito, di ba lumaki pera ni CJ nung 2010 at nag ka dollar account sya?si Atty Mendoza pala abogado ni mr. Danding :-)

  • joni_depp

    With P-Noy blood is the most important connection. He has bestowed billions on his uncle and benefactor, Danding. Now, he wants billions for his family by overturning the Supreme Court’s Hacienda Luisita decision.

    • DaangTuwid

      heto ang sinasabi ko, Si Noynoy na naman tinututuro, pwede bang magbasa muna kayo..Hinatulan ng supreme court ni corona ang kasong ito nung 2010. Sabi nila , wala daw katibayan na me malapit si Danding kay marcos ,hi hi hi, sabi nung dissenting opinion ni morales, ridiculous ..100 billion pala ang pinaguusapan dito, di ba lumaki pera ni CJ nung 2010 at nag ka dollar account sya?si Atty Mendoza pala abogado ni mr. Danding :-)

  • http://pulse.yahoo.com/_OHOD5EA75DBBUH53UKLRXRK764 Mang Teban

    When a person commits injustice to others, he cannot escape responsibility from the crime he committed. He might escape punishment by getting away from the (human) law but divine justice will catch up with him.

    If Danding Cojuangco has successfully manipulated the coco levy funds intended for coconut farmers for his own personal benefit, it will surely be difficult to claim it back because of our propensity to give up when the Supreme Court makes a decision of such a sensitive public issue as that of the coco levy funds.
     
    The more that I am inclined to believe that “money changed hands” to allow the thief, Danding Cojuangco, from stealing the funds that do not belong to him. There must be something that we can undo when the SC makes an injustice to favor someone or a few against the common good. But, it seems that lawyers and those who interpret the provision on judicial power vested in the SC under the Constitution have been supporting the concept of “no appeal” for an obvious one-sided verdict by the majority of 15 SC justices.

    There must be something that can change all that. There must be a newer interpretation or a need to amend the wordings of the Constitution that provides absolute power on the SC to render a decision with finality. What has puzzled me though is the reality that the SC has reversed itself such as the decisions earlier favoring the PALEA and it changed its mind and put the PALEA into a disadvantage. So, where is that “finality of verdict” rule that should apply consistently and evenly by the Supreme Court?

  • Alajero

    …to claim your rights….the only way to do it is…SUE…
    …appealing to the president…is like asking him to do some “extrajudicial” action to seize the property…
    …we should forego this kind of method…and abide by the rule of law…through due process…
    …this is how democracy should work…

    • KenKhoy

      he is the president ,he is supposed to take the initiative….he is anti-farmer indeed…. all he cares is psp….

  • http://pulse.yahoo.com/_WYSEPM7BIAEMCNNASWOWQ5RTKY Ang Kampanero

    let’s see if noynoy will have the courage and will to dare, challenge a powerful uncle, let’s see if tuwid nga ang daan niya

    • DaangTuwid

      In January, the Supreme Court affirmed a 2004 ruling of the Sandiganbayan that awarded the 27-percent block of shares in SMC registered in the name of the Coconut Industry Investment Fund (CIIF) and its holding companies to the government, which has been holding it in trust for the country’s coconut farmers. > basahin mo naman, utos yan ng CJ mong idol,panu babaliktarin ni Noynoy

  • Ano Ikaw

    Now prove it to us Noynoy that you have NO vested interests on whatsoever in any assets including HAcienda Luisita).

  • DaangTuwid

    heto ang sinasabi ko, Si Noynoy na naman tinututuro, pwede bang magbasa muna kayo..Hinatulan ng supreme court ni corona ang kasong ito nung 2010. Sabi nila , wala daw katibayan na me malapit si Danding kay marcos ,hi hi hi, sabi nung dissenting opinion ni morales, ridiculous ..100 billion pala ang pinaguusapan dito, di ba lumaki pera ni CJ nung 2010 at nag ka dollar account sya?si Atty Mendoza pala abogado ni mr. Danding :-)

  • http://pulse.yahoo.com/_E3CE56OQVPC4RPYD2NR4VD3SUE Bert

    With the impeachment of Corona, the farmers’ wishes will be put to trash….With uncle danding, blood is always thicker than water………

  • EdgarEdgar

    @DaangTuwid, who seems to be dyslexic or never passed 6th grade:

    You must be reading a different article. The article here states the ombudsman declined to pursue a plunder case filed by the KMP against Cojuangco. If she did, the farmers stand to gain the other 20% which was denied them by the SC. What’s stopping Noynoy’s ombudsman from reclaiming the 20% if she thinks they rightfully belong to the farmers? If Noynoy can’t be stopped from filing an MforR to SC for his private HLI interest, why can’t he do the same for the coco farmers?

    In short, both the ombudsman and Noynoy are turning a blind eye to the rightful claim of the coco farmers.  DaangTuwid, I’m sad to say you failed in reading comprehension again. Try next year.

  • Ano Ikaw

    @DaangTuwid, are you blinded by the facts? Or are you Noynoy himself who’s not loyal to anyone but to himself and to his bank accounts.

  • Francis81

    No way! Commitment ni Pweenoy yun kay Uncle Danding para sa NPC block na pumirma sa impeachment ni Corona. Pero dapat careful si Pweenoy dito kasi baka ilaglag din siya ni uncle, kasi palubog na siya.

  • Juan De la Cruz

    And you said that SC will not affect the small people?  Isa lang to sa halimbawa, di pa kasama yung sa Fertilizer Scam, NBT-ZTE deal, PNP second hand helicopter, etc.  ALISIN SI CORONA!!!!

    • http://www.facebook.com/samontehe Henry E. Samonte

      Our SC is run by Chinese…….. he heh e!

  • tigercharlie

    This is one of the reason why Danding supported Pinoy… for how much…200M to 300M rather than his other favorite nephew GIBO…because he can control Pinoy and kept his 50B.

    Kayong mga magsasaka ng Luisita at magniniyog…kayo ang mga taong walang makukuhang katarungan hanggang kamatayan…

  • http://www.facebook.com/samontehe Henry E. Samonte

    Once these Chinese vampires suck the blood of the coconut farmers, it is next to impossible to EVER recover it. The reason for this is that these Chinese also controls the government including the Judiciary. The last bastion for grievances is controlled not by true blooded Filipinos but Chinese. And look what they did to the FASAP decision which is was suppose to be with finality. They revive it with mere letter from Atty. Estelito Mendoza, what more with a lowly organization like the KMP or Kilusang Magbubukid ng Pilipinas?

    This may be the reason why Cojuangco fielded not one but three Presidential Candidate during the last May 2010 election primarily to protect his interest on the Coconut Levy and also the Hacienda Luisita Estate. He has his two nephews Gibo and PNoy, and last Chiz Escodero. Chiz has to back out to consolidate the vote towards PNoy. Wise move.

  • ordinariopoako

    i’ve been hearing this problem since cory aquinos time, can PDI please write something about the real story , if the said fund is from the farmer how come danding owns it or why can’t the farmers get it , does the law now obviously protect these kind of people , please change the law if needed ,

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