Marcos Loot

Bongbong, Miriam, and Imelda (behind).

PerryScope By Perry Diaz With Election Day just two months away, campaigning is heating up particularly in the vice presidential contest. Indeed, never in the history of Philippine politics had there been more campaign propaganda used and resources spent to elect the vice president of the country, which makes one wonder: why the sudden interest in a job that does nothing but run errands for Read More …

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By Helen Flores The Philippine Star  Nat’l Treasury gets last tranche MANILA, Philippines – The government has recovered $29 million or P1.3 billion from the Swiss accounts of the late dictator Ferdinand Marcos and his family, which was left in a Singapore bank since 2003. The funds, composed of $16.8 million and 4.2 million British pounds, was part of the Marcos fortune stashed in Swiss Read More …

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By Delon Porcalla The Philippine Star  MANDAUE CITY, Philippines – President Aquino yesterday hinted he is not keen on abolishing the Presidential Commission on Good Government (PCGG) as recommended by its chairman Andres Bautista. Aquino said much still needs to be done in recovering ill-gotten wealth. “Instead of abolishing it (PCGG), we must see to it that their job is already finished. So, again, he Read More …

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PerryScope By Perry Diaz The hunt for the fabled “Marcos Loot” is beginning to look like an Indiana Jones sequel.  The only difference is that this one is for real with real life characters, tons of real gold bullions, and a 2,000-pound solid gold Buddha filled with real diamonds, emeralds, and other precious stones that would make the Queen of England look like a pauper. Read More …

Imelda Marcos loves jewelry.
Photo from http://imeldific2012.blogspot.com/2012/09/imelda-marcos-muse-of-manila-iron.html

By Ellen Tordesillas Malaya Just because the Presidential Commission on Good Government would be abolished, it doesn’t mean that the hunt for the people’s money looted by the Marcoses and hidden in bank accounts abroad or in properties under the name of some friends, should also end. As PCGG Chair Andres Bautista said, the job could be continued by the Department of Justice. The reasons Read More …

Former Philippine First Lady Imelda Marcos, shown in 2004, has emerged from foreign exile and scandal to resume a position of authority as legislator for the family stronghold of Ilocos Norte. With the widow, son and daughter of late dictator Ferdinand Marcos now politically resurrected, the government seems inclined to scrap the search for billions in state property Marcos was believed to have hidden before fleeing in 1986. (Bullit Marquez / Associated Press / January 4, 2013)

By Carol J. Williams Los Angeles Times The late Philippine strongman Ferdinand Marcos so skillfully squirreled away billions in national wealth that, even 26 years after his ouster, those pursuing recovery of the ill-gotten bounty have little inkling of its true value. There may be more than $60 billion salted away in offshore accounts or secret jungle hideouts. Stories have circulated for decades, some documented Read More …

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AT GROUND LEVEL By Satur C. Ocampo The Philippine Star  One can understand Andres Bautista’s deep frustration in wanting to abolish the Presidential Commission on Good Government, which he has headed since October 2010, although — or because — it has failed to accomplish its two-pronged mandate, 27 years after President Cory Aquino created the PCGG through Executive Order No. 1. The mandate: to recover Read More …