Government plans to abolish PCGG
MANILA, Philippines - The government plans to abolish the Presidential Commission on Good Government (PCGG), the agency tasked with recovering the billions of dollars plundered by late dictator Ferdinand Marcos, his family and his allies, a Cabinet member said yesterday.
The announcement was the latest development in the remarkable political rehabilitation of the Marcos clan, which has accelerated since family ally Duterte became president last year.
“They don’t do anything. What do they do?” Budget Secretary Benjamin Diokno said.
The PCGG was set up three decades ago, just after a bloodless People Power revolt toppled Marcos, to recover the estimated $10 billion looted by the dictator and his allies during his 20 years in power, which were marked by massive corruption and abuse.
The agency has since recovered P170 billion or about $3.4 billion in ill-gotten wealth as well as jewelry, art and other assets.
Diokno said the PCGG functions may be absorbed by the Department of Justice. - AFP
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