Metro Plus News Philippine lawmaker seeks to abolish agency recovering Marcos wealth

Philippine lawmaker seeks to abolish agency recovering Marcos wealth

A Philippines lawmaker has submitted a bill seeking to scrap a commission tasked with recovering billions of dollars in wealth plundered during the rule of the president’s late father, arguing it has “outlived it usefulness”.
The Presidential Commission on Good Government (PCGG) has since 1986 retrieved about $5 billion from the family of incumbent President Ferdinand Marcos Jr, but about $2.4 billion is still caught up in litigation.
The PCGG was established a few days after the elder Marcos fled a popular uprising against his two decades of decadent rule at the helm of what many historians consider one of Asia’s most famous kleptocracies.