PCGG to pursue 278 cases on Marcos' ill-gotten wealth


Posted at Oct 12 2010 04:20 PM | Updated as of Oct 13 2010 12:20 AM

MANILA, Philippines - Newly appointed Presidential Commission on Good Government (PCGG) Chair Andres Bautista defended the agency for its alleged inaction toward cases in connection to recovering ill-gotten wealth from the Marcos family.

Speaking to ANC's Talkback, Bautista said the PCGG has already recovered P85.5 billion since it was formed 24 years ago.

Bautista added the agency contributes to the government through money collected from sequestered companies and through selling and privatizing assets.

"Unlike other government agencies which are always in the red, actually PCGG is in the black," Bautista noted. "For example, this year our budget is about P93 million but we're projecting to collect about P700 million to P800 million."

Bautista added that the PCGG is also pursuing 278 pending cases filed in 1987 that, if won by the government, can rake in about P180 billion worth of assets.

Out of these pending cases, Bautista said PCGG will focus on about 20.

"We're going to focus on certain cases which we feel that are what we call 'banner cases' wherein you can get a lot in terms of money and also are winnable," Bautista said.

Bautista is being helped by 3 young lawyers, who have been appointed PCGG comissioners: Maita Chan-Gonzaga, Gerard Mosquera, Richard Amurao.