SUBSCRIBERS

Philippines to auction off jewels recovered from Marcos

Published Mon, Feb 15, 2016 · 09:50 PM
Share this article.

Manila

PHILIPPINE authorities pledged on Monday to auction off as soon as possible millions of dollars' worth of jewellery recovered from late dictator Ferdinand Marcos and his family.

The Presidential Commission on Good Government (PCGG), created to recover the millions stolen by Marcos and his allies, has also launched a website aimed at retrieving hundreds of art masterpieces believed to have been obtained by the Marcos family with "ill-gotten wealth", said commissioner Andrew de Castro.

The renewed effort comes as Ferdinand Marcos' son and namesake takes the lead in the race to win election in May as the country's next vice-pre…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here