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Tag: PCGG

Looting the Marcos loot

Published by Ellen on January 6, 2013

Imelda Marcos loves jewelry. Photo from http://imeldific2012.blogspot.com/2012/09/imelda-marcos-muse-of-manila-iron.html
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 he gave, one of which as that Marcos- loot- hunting by the 200-man agency is no longer cost effective, makes sense.

So far, in its 27-year existence the PCGG has recovered $4 billion (P164 billion), only a tiny fraction of what was estimated to be a $10 billion loot in 1986. Just imagine how much the unrecovered would be worth by now including the interests.

The executive order creating the PCGG was the first issued by President Cory Aquino on Feb. 28, 1986, three days after the Marcos fled early evening of Feb. 25, 1986 as millions of Filipinos rose in a bloodless revolution called People Power.

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PCGG to probe Marcos’ secret wealth in Australia

Published by Ellen on April 5, 2011

VERA Files in Yahoo

The Presidential Commission on Good Government (PCGG) will look into the reported ill-gotten wealth of the late president Ferdinand Marcos in Australia believed to be under the name of a former swimsuit model whose daughter was reportedly dropped from a reality TV show after producers learned her father was the Philippine dictator.

“We will look at the money trail and see if the amount to be recovered would be worth the lawyers’ fees we would be spending for it,” PCGG Chairman Andres Bautista said, adding that he only learned about the alleged Marcos wealth in Australia Thursday when his staff showed him a news item that appeared in an Australian newspaper, The Daily Telegraph, about Analisa Hegyesi, an interior designer, who was axed from the reality show “Renovators” when she told producers she was the daughter of Marcos.

Hegyesi, 40, is the daughter of Evelin Hegyesi, 64, a swimsuit model in her younger days who had an affair with Marcos in the 1970s. Marcos, who ruled the Philippines for more than 20 years, was known to have affairs with actresses and fashion models.

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Interesting appointments

Published by Ellen on September 5, 2010

There is something amusing in the latest batch of appointments of President Aquino.

Alex Magno; Ronald Llamas

Like in the high-paying positions of Board of Directors of the Development Bank of the Philippines. Gloria Arroyo defender and Philippine Star columnist Alex Magno is out. Ronald Llamas of Akbayan is in.

I don’t know if Llamas specifically asked for DBP because of Magno but the mere mention of the names of the two reminds me of their verbal wrestling many years ago.

Magno greeted Llamas: “Hello, the last of the socialist.”
Llamas replied: “Hello, the first of the opportunist.”

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