The Islamic celebration of Ramadan was looming at the time the militants struck and banks, businesses and homes had more money than usual, said Marawi City police chief Ebra Moxsir. The Maranaos, the ethnic group that dominates the area around Marawi, are mostly Muslims.
“There was a lot of money inside the battle area,” he told Reuters. “Maranaos keep millions of pesos in safety vaults in their homes. Gold, also. It is a tradition of the Maranao to give gifts of money (during Ramadan).”
Montesa said vans they loaded with the spoils of the raids were “overflowing”, with money, gold and other valuables stuffed into every crevice of the vehicles.
Tuesday, January 23, 2018
"Islamist insurgents looted cash, gold and jewellery worth tens of millions of dollars when they occupied a southern Philippines town last year, treasure one of their leaders has used to recruit around 250 fighters for fresh attacks"