Marcos jewels up for auction

Rappler.com
Marcos jewels up for auction

Philippine authorities pledged to auction off as soon as possible millions of dollars’ worth of jewellery recovered from late dictator Ferdinand Marcos and his family. The Presidential Commission on Good Government (PCGG), created to recover the millions stolen by Marcos and his allies, has also launched a website aimed at retrieving hundreds of art masterpieces believed to have been obtained by the Marcos family with “ill-gotten wealth.” The PCGG wants to auction off most of the jewels before President Benigno Aquino steps down in June. The long-hidden collection, seized in three batches after Marcos was overthrown in 1986, has been cited by critics as proof of how his family enriched itself. The renewed effort comes as Ferdinand Marcos’s son and namesake takes the lead vice-presidential race.

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