Marcos jewels sale to push through even if PCGG is abolished

ABS-CBN News

Posted at Aug 03 2017 04:50 PM | Updated as of Aug 03 2017 07:38 PM

Specialists from Christie's examine the confiscated jewelries of former First Lady Imelda Marcos during an appraisal authorized by the Presidential Commission on Good Government (PCGG) at the Bangko Sentral ng Pilipinas headquarters in Manila.Romeo Ranoco, Reuters

MANILA - The possible abolition of a government agency tasked with recovering the alleged ill-gotten wealth of the Marcos family will not affect its planned planned sale, a finance official said Thursday.

At least 3 jewelry collections of former first lady Imelda Marcos were valued at P1 billion at a re-appraisal by auction houses Christies and Sotheby's last February.

The jewels will be placed on the auction block once legal cases are resolved, finance undersecretary Grace Karen Singson said.

"I don't understand why everyone is panicking… the cases are always handled by the OSG (Office of the Solicitor General), [while] the disposition must always be approved by DOF, so wala naman nagbago (nothing has changed)," she said.

Budget Secretary Benjamin Diokno said last week that he favored the abolition of the Presidential Commission on Good Government, saying it was no longer necessary. 

Former President Benigno Aquino, whose mother, former president Corazon Aquino, constituted the PCGG, said on Tuesday that the agency's work was not done yet.