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True justice FRONTLINE Ninez Cacho-Olivares 04/25/2012

Wednesday, April 25, 2012

True justice

FRONTLINE
Ninez Cacho-Olivares
04/25/2012
Cojuangco-Aquinos no longer own Hacienda Lusita — not after the Supreme Court (SC), in a final landmark ruling, voted 8-6, to have some 4,000 hectares distributed to the farmer-workers of the hacienda, at the land values set in 1989, which would amount to some P40,000 per hectare or some P200 million — not the P1 million per hectare or P5 billion that the Cojuangco-Aquino clan wanted as compensation.

That is what can be finally called true justice to the farmers, who have been screwed by the Cojuangco-Aquinos for decades on end, first, when the clan’s then patriarch, Jose Cojuangco, bought the Luisita sugar plantation from Tabacalera — get this — on a behest loan, courtesy of Ninoy Aquino’s lobbying with then President Ramon Magsaysay not only for the Cojuangcos to buy the hacienda from Tabacalera but also to ensure that the then central bank and the GSIS would be guaranteeing an American bank for the clan’s loan and the sale amount asked for by Tabacalera.

Apart from this guarantee, the Cojuangcos reneged on the agreement with Tabacalera to distribute part of the hacienda land — after 10 years — to the farmer-workers..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/commentary/20120425com2.html

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