CIA MAY HAVE MONITORED MARCOS' DEALS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP90-00494R001100710106-1
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 22, 2016
• Document Release Date: August 10, 2010
• Sequence Number: 106
• Publication Date: February 11, 1986
• Content Type: OPEN SOURCE

Sanitized Copy Approved for Release 2010/08/10: CIA-RDP90-00494RO01100710106-1
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FACT:
JACK ANDERSON and JOSEPH SPEAR I
IA May Have Monitored Marcos' Deals
he CIA apparently has kept a close watch on
the purchase of property in the United States
by Philippines President Ferdinand Marcos
a his wife. At least two purchases in Hawaii were
r rted to the agency by businessmen who claim
t y were working for the CIA.
vidence of the spy agency's Marcos-watching is
c tamed in sworn statements given in the case of
R atd Ray Rewald, who ran a Honolulu-based
in estment firm from 1979 to 1983, when he was
a ested for fraud. Rewald has been convicted of
e bezzling investors' money in an elaborate
s indle, but our extensive investigation, along with
t se by congressional investigators and Rewald's
a orneys, turned up suiid evidence that Rewald
a his associates were working at least partly on
ti CIA's behalf.
onfidential statements and reports obtained by
r rter John Kelly show that Re,. ald at lust
on CIA consultant were keeping an eye on the
rcoses' financial dealings in this country. A
P lippine Embassy spokesman told our associate
1) tald Goldberg that Marcos has denied buying
p perty in the United States.
n a 198:1 statement about his legal problems,
R ald told his attorney, Robert A. Srnitit:
'We were keeping a close eye on Mrs. Marcos
t last couple of years, under the direction of the
a ncy. She had been negotiating on purchasing
s ue land here. All this is legal. They're allowed to
d that. But it was the agency's feeling that they
re doing it in anticipation of early exile .... And
w were coming up with real good infer station."
)ne Ilawanan estate, purchased in 197 7 , was
valued at $717,000. It was bought by Gliceria
Tantoco, a close friend of Imelda Marcos.
Tantoco's family owns the largest department store
chain in the Philippines. She has been identified by
Rep. Stephen Solarz (f)-N.Y.) as the buyer of
several New York properties for the Marcoses.
A second estate, valued at $1 million, was bought
in 1980 through Antonio Floriendo, who also has
been linked by Solarz to other properties bought for
the Marcoses. A Philippine Embassy spokesman
charged that the evidence elicited by Solarz was
based on "hearsay and third-party allegations."
Rewald's claim that he spied on the Marcoses for
the CIA may seem farfetched, but it is supported by
RRihert W. finks, a Utah attorney who was a
consultant to Rewald's investment firm and who
claims-that he--a-6,o worked for the CIA.-
in :t sworn d'position given to the Securities and
Exchange Commission in 1984, finks said he wac`
led to believe that he was working for the CiA by a
former agency station chief, as well as the current
one, both of whom he had met through Rewald. He
described trips he had made for the CIA to
Australia, New Zealand. Guant, [long Kong and
Saipan, and continues:
'Then when I got to the Philippines, that was in
connection with--that was a mixed bag of CIA and
regular, what you ntigl;i call investment analysis.
We were supposed to be deternuning the flow of
capital out of the Philippines and where it was
going, and the Marcos name was mentioned, `.Its.
INI.rrcos in particular .... ?'
Jinks testified that her had made the trip to the
I'hilippincs with Rewald.
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Sanitized Copy Approved for Release 2010/08/10: CIA-RDP90-00494RO01100710106-1