The Presidential Commission on Good Government (PCGG)—which was established in 1986 to recover the ill-gotten wealth of former President Ferdinand E. Marcos’ regime—has yet to recover PHP30 billion to PHP50 billion worth of Marcos assets.
“According to PCGG chairman Andres Bautista, the assets include 150 missing paintings and the sequestered Payanig sa Pasig property, which is still under litigation against the group of former Ilocos Sur governor Chavit Singson, which took over the property during the Arroyo administration,” reports ABS-CBNnews.com.
Bautista was quoted as saying that “the country’s judicial system is partly to blame for the slow recovery process.” For the record, the PCGG currently has 200 pending cases in court against Marcos cronies.
After 28 years, the PCGG is still hard at work.
