Posted on

Fariñas’ Dissolve PCGG Act Does Not Stop Search for Alleged Marcos’ Ill-Gotten Wealth


welcome By: Elena Grace Flores

Palace spokesperson Ernesto Abella clarifies that House majority leader Rodolfo Fariñas’ proposal to dissolve the PCGG has nothing to do with politics. The agency is in charge only of the administrative tasks. It’s still the office of Solicitor General Jose Calida will run after the Marcoses since the function is under its umbrella. Justice Secretary Vitaliano Aguirre is opposing the abolition.

Youtube video from;

[VIDEO]: Palace spokesperson Ernesto Abella says the Office of the Solicitor General can carry the function of the PCGG and there is no politics in the decision to streamline the government.

 Political Beginning

The PCGG was established through the first executive order of President Corazon Aquino in 1986. It has recovered P170 billion in ill-gotten wealth allegedly from the late Ferdinand Marcos. This includes coco levy funds, Swiss accounts, and money from the sale of sequestered assets and settlement with his alleged cronies. On top of this, priceless jewelry, artwork, and other assets are also seized that former first lady Imelda Marcos claims to be her personal possession.

No more Work

Budget Secretary Benjamin Diokno dismisses the role of the PCGG. “They don’t do anything. What do they do?” Diokno said. The opposition can only blame this insight to the President’s close relationship with the Marcoses. Particularly with Ilocos Governor Imee Marcos and his preferred presidential heir, Bongbong Marcos.

President’s View

Rodrigo Duterte singled out in his State of the Nation Address House Bill 5707. This is the proposed Rightsizing the National Government Act. That would grant the president the power to abolish offices under the executive branch deemed redundant. Those with overlapping functions or no longer necessary can be discontinued. In the context of the bill, PCGG’s role can be a target, but the situation creates a stir among the oppositions.

10 Billion Estimate

With an estimated $10 billion in ill-gotten wealth to collect, the PCGG has a long way to go they say. But, do they really exist? They even count the estimated accumulated interest. The PCGG can only reject Diokno’s remark. “Why is there a question on its budget and relevance when PCGG’s cost to recovery ratio is exemplary as shown by these numbers? Of all agencies?” it said.