Tadeco’s vast 5,500-ha plantation: Did Marcos (inset, in 1969) secretly own it?
Tadeco was one such firm that we decided to convert into a plantation for banana exports, which the US firms were going into, the source explained. But instead of having Tadeco finance the purchase of the land, a law firm would technically own the land (and lease it back to Tadeco). It was a lot cheaper to just have the BuCor let Tadeco have a contract to use the lands, initially for five years.