Exhibit on Marcos' ill-gotten wealth to open at UP

ABS-CBN News

Posted at Feb 28 2016 06:21 PM

MANILA - An exhibit focusing on the ill-gotten wealth of the family of former President Ferdinand Marcos will open at the University of the Philippines (UP) Diliman on Monday.

With the theme, "Nakaw na Yaman, Ibalik sa Bayan!," the exhibit will showcase information on how the Presidential Commission on Good Governance (PCGG) is doing its part in recovering the ill-gotten wealth.

Latest data from the PCGG showed that the value of the Marcoses' massive jewelry collection now amounts to a conservative estimate of at least P1 billion.

PCGG records also show that it has only recovered P170.4 billion, or about $4 billion, which is less than half of the total ill-gotten wealth of the Marcoses, estimated at $10 billion.

The exhibit, which is presented by PCGG, Bantayog ng mga Bayani Foundation, UP College of Social Science and Philosophy, and the UP Department of History, will run until March 4 at the Palma Hall Lobby.

(RELATED: PCGG laments slow recovery of Marcos' ill-gotten wealth)