[In the news] PCGG eyes full accounting of P168-B recovered Marcos ill-gotten wealth -GMAnews

PCGG eyes full accounting of P168-B recovered Marcos ill-gotten wealth.

The Presidential Commission on Good Government (PCGG) wants to have a full accounting of the P168-billion ill-gotten wealth recovered from the Marcoses to determine how the money were used.


“Since the PCGG’s creation in 1986, umaabot na sa P168 billion ang naire-remit namin sa Bureau of Treasury. We want to know where the money were used and how they were used,” PCGG chairman Andres Bautista told GMA News Online in a phone interview Friday.

Included in the P168 billion is the P70 billion recovered by the PCGG from the coco levy fund.

Bautista said the agency is willing to work with the Commission on Audit (COA) in doing the accounting. He also said the COA may conduct an independent audit.

“We in the PCGG have our own records kung saan-saan nagamit yung recovered wealth, but our record is not that comprehensive. Ang gusto naming malaman ay yung specific projects talaga, anu-anong agrarian-related projects ang naumpisahan na gamit itong recovered wealth na ito,” he said.

Read full article @www.gmanetwork.com

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