The President Gave His Permission For Marcos Jewels To Be Sold
PRESIDENT DUTERTE – President Rodrigo Duterte recently forwarded an order to put P704.8 million Marcos Jewels in an auction.
In a related article, victims during the Martial Law reign can be awarde $1500 dollar checks. This is following after the apprehension of the illegal properties from the former first lady’s helper.
Executive Secretary Salvador Medialdea announced the President’s approval regarding the selling of the P704.8 million worth of Marcos Jewelries collected from the Imelda Romualdez Marcos – former first lady.
The executive secretary announced the president’s order through a text message to the Inquirer which read:
“An order has already been issued by the President yesterday for disposition of the Marcos jewelry collection.”
Medialdea also revealed some information about the processes to be followed in selling the Marcos treasures:
“OP (referring to the Office of the President) officially informed PCGG that it interposes no objections to the proposed activities relative to the disposal of the Marcos jewelry collections, subject to compliance w/ existing laws, rules and regulations.”
This is according to an article from Inquirer.
The late president Ferdinand Marcos started garnering so much wealth from getting to an authoritative position in the government. He was first declared as the president of the Philippines in 1965.
This is according to the World Bank-UN Office on Drugs and Crime’s (UNODC) Stolen Asset Recovery (StAR).
After nearly 30 years of digging up the Marcoses’ ill-gotten wealth. The jewelry collection was confiscated from the former first lady.
The jewelry collection was then revalued and auctioned at the Bangko Sentral ng Pilipinas (BSP) until November 27.
Supported by the collaborative effort of Presidential Commission on Good Government (PCGG) and the Bureau of Customs (BOC).
Proceeds will then go to the Bureau of the Treasury (BTr).
Based on a 2016 article from CNN.
That is all there is to it, at least for now. We’ll post updates as soon as we got them.