The Supreme Court ruled with finality that the shares of businessman Eduardo Conjuangco in UCPB belong to the Republic of the Philippines and should be used to benefit coconut farmers.
This ruling is long overdue, when in 1975 Cojuangco received public assets in the form of UCPB shares worth at the time PHP 10.88 million paid by coconut levy funds, a grave and brutal injustice was committed. hat such thing even happened speaks of the unjust environment that have always permeated Philippine society. Always have the rich laid their asses bare for all to lick while the majority of Filipino's, overworked, underpaid and hungry, wallowed in a sea of desperation and poverty. This has been going on since the Spaniards set foot on this land!
It is good that once and for all, an oligarch has been disemboweled with a wealth he should never even have received in the first place, but such is life in the Philippines. That such a thing never happens again is a constant struggle the Filipino people has to fight constantly, vigorously, relentlessly and eternally.
It is my hope that the Filipino coconut farmer will finally benefit from such stolen wealth, even more than it benefited Danding Cojuangco. The shares, wealth and other things acquired with the use of the coco levy fund should belong to the Republic of the Philippines and should be used to aggressively help coco farmers become world class coco farmers.
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