BREAKDOWN: P174B

Recovered from
THE MARCOS Marcos Loot, P125B
ILL-GOTTEN More to Get
WEALTH
THE MARCOS As of 2021, 35 years since the
people power revolution,
ILL-GOTTEN PCGG is running after P125.9
WEALTH billion more in Marcos ill-
gotten wealth
 As of yearend 2020, the Philippine government has
recovered P174.2 billion in Marcos ill-gotten wealth
and has earmarked part of it for the farmers through
the agrarian reform program and the coco levy trust
THE fund, as well as the compensation of victims of
abuses  during the martial law dictatorship.
MARCOS
ILL- As of 2021, 35 years since the people power
GOTTEN revolution, the PCGG is running after P125.9 billion
more in ill-gotten wealth from the Marcos family,
WEALTH who are back in power both in local and national
politics.
 Here is a breakdown of the
recovery and distribution,
as provided by the
Presidential Commission on
Good Government (PCGG)
to the House of
Representatives as part of
the 2022 budget debates.
The P171.3 billion total collections and remittances to the
treasury is distributed to the farmers, human rights victims,
to the PCGG for its general fund, the Office of the Solicitor
General (OSG) which is mandated by its charter to get
shares from awards to its client agencies, and the Office of
the President.

The Office the President gets proceeds from the compromise

agreement of Meralco Foundation and the PCGG.
According to the agreement, Ferdinand Marcos –through
brother-in-law Benjamin Romualdez  – acquired using
“sinister strategies and underhanded maneuvers” the Lopez
shares of Meralco through the Meralco Foundation.
 The Commission on Audit (COA) called
out Malacañang in the latter’s 2019 audit
report as to why it hasn’t utilized the
Meralco proceeds, even though it can be
used for economic development projects
like assistance and rehabilitation for
disaster-stricken areas.
Here’s the
Breakdown
of the P171.3
Billion
Collection.
Here’s the
Breakdown
of the P2.88
Billion
Escrow
Fund:
 As of August 26, 2021, there is still
P125.98 billion under litigation,
comprising of 1,856 items of real and
personal properties.
Here’s the
breakdown of
that P125.98
billion under
litigation:
PCGG has P54.716 billion left to privatize, or assets
it has to sell, like real properties, shares of stocks,
jewelries and paintings, to convert it to funds that
can be distributed.

In its 2020 audit report, the PCGG was called out

for receivables not yet collected or billed. These
included funds from Sandiganbayan.

PCGG was also once chided by a Sandiganbayan

Justice for not keeping a proper accounting of what
it needs to recover from the Marcos loot.
On September 24, the Sandiganbayan Second
Division awarded PCGG bank certificates from the Royal
Traders Holding Co. Inc – part of the Marcos ill-gotten
wealth – worth P96.03 million and $5.4 million, plus
annual 12% interest from 1993 until fully paid. The
newest award is in the range of P1 billion to P1.65 billion.

The PCGG’s recoveries, its awards from

courts over time, serve as a reminder of
Marcos corruption during the
dictatorship.