MANILA, Philippines - The Presidential Commission on Good Government (PCGG) has secured what it hopes to be support from Malacañang, in efforts to take control of the disputed 18.48-hectare Payanig sa Pasig lot in Pasig City.
Executive Secretary Paquito Ochoa, Jr. issued a memorandum, dated Oct. 23, 2012, ordering the Department of the Interior and Local Government (DILG), the Department of Justice, the Department of Finance (DOF), and the Office of the Solicitor General (OSG) to assist the PCGG in the government's claim over the Payanig sa Pasig.
PCGG chairman Andres Bautista said that the DILG’s compliance with the order is crucial since the police force would boost any effort to eject delinquent lessees and a dubious group claiming ownership over 16 hectares of the property.
The DILG is also expected to help in stopping a reported bid of the Pasig City government to auction off the property to settle delinquent real estate property taxes.
Government ownership of the Payanig sa Pasig is based on its ownership of the Mid-Pasig Land Development Corp., one of the real estate holding companies under the Independent Realty Group (IRG) Group of Companies that was surrendered by admitted Marcos crony Jose Yao Campos to the PCGG under a compromise agreement signed in 1987 with then PCGG chair, former Senate President Jovito Salonga.
Under the compromise agreement, Campos surrendered the IRG and its subsidiary companies, shares of stock in the PLDT, and other assets, which he said he held in trust in behalf of the late deposed President Ferdinand Marcos.
In exchange for his admission and surrender of the Marcos assets, the PCGG stopped efforts to sequester Campos’ United Laboratories, and real estate company, Greenfield Development Corp., and other real estate properties in the US, suspected to be also part of the Marcos ill-gotten wealth.