MANILA, Philippines - The Presidential Commission on Good Governance has submitted a recommendation to wind down its operations.
This means transferring all pending Marcos cases to the Department of Justice and turning over all recovered and sequestered assets to the Department of Finance.
The abolition of the Commission may be a little complicated though since there is a need to pass legislation that would formally order its abolition. The PCGG was created by law, through former President Cory Aquino's Executive Order 1.
PCGG Chairman Andres Bautista explained the pursuit for the Marcos family's ill-gotten wealth has become too costly for the government.
Bautista admitted that the Commission no longer has the confidence of the public since its reputation has been tainted by the actions made by former PCGG officials.
Many of the evidence are also gone, along with the witnesses.
Bautista said they also have no plans of filing new cases. Currently, there are still over 200 pending cases.
Bautista is convinced the government should continue to pursue these pending cases.
Throughout its existence, the PCGG was able to recover $4 billion or around P164 billion out of the alleged $10 billion Marcos ill-gotten wealth.
They are also pursuing cases against former PCGG officials who also tried to embezzle the recovered assets.
Bautista is also hoping the 200 PCGG employees will be taken care of should the Palace approve its abolition.