wealth - updates

Rappler's latest stories on wealth

ARTICLE FINDER

The significance of February 25, 1986

Feb 26, 2020 - 3:00 PM

Once before we rejected a dictator

PCGG loses appeal, P102-billion case vs Marcos crony still junked

Feb 19, 2020 - 11:54 PM

The Presidential Commission on Good Government fails to present new and compelling evidence to overturn the earlier decision, says anti-graft court Sandiganbayan

Did Marcoses really win? Sandiganbayan justice chides PCGG in P200-B case

Dec 25, 2019 - 1:44 PM

Justice Maryann Corpus Mañalac, although concurring in the dismissal of the case, says unequivocally that the assets of the Marcoses are ill-gotten wealth, many of which have already been recovered

FORMER FIRST FAMILY. The Marcoses pose for a family picture outside the Comelec office in Manila on October 16, 2018 be Imee files for her certificate of candicacy. Photo by Jire Carreon/Rappler

Are we hopeful for 2020? We have to be.

Dec 20, 2019 - 9:00 AM

How to move on from the #Facepalm year that was 2019

Marcos family's entire art collection 'unlawfully acquired' – Sandiganbayan

Dec 19, 2019 - 10:45 PM

The collection is ordered forfeited in favor of the Philippine government

ART FORFEITED. The Sandiganbayan declared the Marcos family's art collection as "unlawfully acquired."

Court rules: Marcos family need not return P200B in 'ill-gotten wealth'

Dec 16, 2019 - 3:21 PM

(UPDATED) 'The bulk of documentary evidence offered by the plaintiff are mere photocopies, most of which are barely readable,' says the Sandiganbayan 4th Division

FAMILY PICTURE. The Marcoses in front of the portrait of their patriarch in Malacanang after Senator Imee Marcos (4th from left) and Ilocos Norte Governor Matthew Manotoc (right) took their oath before President Rodrigo Duterte. Photo from Imee Marcos' Twitter page

'Never again': Court forfeits Marcos wealth plus damages in telcom scam

Dec 05, 2019 - 8:58 PM

(UPDATED) The Sandiganbayan limits its forfeitures to telecom company shares illegally acquired, and dismisses government claims against other assets of Juan Ponce Enrile and the Marcoses

Sandiganbayan. File photo by Rappler

Sandiganbayan affirms junking of P1-B Marcos case

Nov 29, 2019 - 1:28 PM

The Presidential Commission on Good Government loses again

MARCOS COUPLE. President Ferdinand Marcos and First Lady Imelda Marcos. File photo from Presidential Library and Museum Flickr account

SC: Lucio Tan's PNB should not deposit $4.6M until Marcos case resolved

Oct 30, 2019 - 6:49 PM

The First Division makes it clear, however, that the government has not lost the money yet, as it is an issue still pending in a Marcos civil forfeiture case

The Philippine National Bank is owned by the Lucio Tan group

What's the latest on cases vs Imelda Marcos, family?

Oct 25, 2019 - 5:00 PM

(UPDATED) It's a mix of convictions, acquittals, and still pending cases for all camps involved, including Marcos cronies

MARCOS COUPLE. President Ferdinand Marcos and First Lady Imelda Marcos. File photo from Presidential Library and Museum Flickr account

'Defects' in evidence: Another Marcos ill-gotten wealth case junked

Oct 25, 2019 - 11:10 AM

The Philippine government submits heaps of bank documents and affidavits from bank executives to link the Marcoses to Fe and Ignacio Gimenez, but the Sandiganbayan dismisses the case as most of the evidence are mere photocopies

MARCOS COUPLE. President Ferdinand Marcos and First Lady Imelda Marcos. File photo from Presidential Library and Museum Flickr account

Sandiganbayan junks P1-B civil case vs Marcoses

Oct 08, 2019 - 12:00 PM

The case is related to Bienvenido Tantoco, his family members, and former Tourist Duty Free Shops chairman Dominador Santiago who were allegedly used as dummies for the Marcoses to obtain P1 billion in ill-gotten wealth

DISMISSED. The Sandiganbayan 2nd Division dismisses a P1 billion civil suit against Ferdinand and Imelda Marcos related to Bienvenido Tantoco. Photo by Darren Langit/Rappler

FALSE: Jovito Salonga's 'letter' to Cory saying Marcos had no ill-gotten wealth

Sep 25, 2019 - 2:33 PM

The signatures in the letter do not match those in government records

'Kung sino ang may pinag-aralan, 'yun pa ang nagko-corrupt'

Sep 22, 2019 - 1:28 PM

The Office of the Ombudsman, tasked with recovering ill-gotten wealth from corrupt public officials, gives integrity awards to ordinary Filipinos who returned money they found while doing their jobs

INTEGRITY AWARD. Airport janitor Ronald Gadayan is among the 5 integrity awardees of the Office of the Ombudsman. Photo courtesy of the Office of the Ombudsman

[ANALYSIS] Just how valuable is the West Philippine Sea?

Aug 29, 2019 - 5:11 PM

The monetary value of our marine ecosystems in 2007 was thought to be US$966.59 billion, or close to $1 trillion. Using the 2007 exchange rate, that’s P44.61 trillion or nearly 6.5 times our GDP back then.

Blame PCGG? Another multibillion-peso case vs Marcos lost in Sandiganbayan

Aug 07, 2019 - 7:02 PM

The civil suit involves 3 cases of allegedly using dummies and government corporations to enrich the Marcoses

U.S. lawyer Swift: 'No doubt' Marcos family knows where ill-gotten wealth are

Jul 09, 2019 - 4:30 PM

The missing paintings have 'a lot of value' that can be used to compensate victims of Martial Law, says human rights lawyer Robert Swift

Ombudsman Martires' wealth grows by P15 million in 2018

Jul 06, 2019 - 4:35 PM

Ombudsman Samuel Martires releases only a summary of his SALN and not a full copy

WEALTH. Ombudsman Samuel Martires' wealth grows by P15 million in one year. Photo by Darren Langit/Rappler

Martires kicks out deputy ombudsman who probed Duterte

Jun 27, 2019 - 2:58 PM

Ombudsman Samuel Martires implements the dismissal of Melchor Carandang, who looked into the alleged bank deposits of President Rodrigo Duterte and family in 2017

FIRED. Ombudsman Samuel Martires has implemented Malacañang's dismissal order against Overall Deputy Ombudsman Melchor Arthur Carandang. Photo by Darren Langit/Rappler

Duterte greenlights public auction of P700M worth of Imelda jewelry

May 30, 2019 - 6:10 PM

The Presidential Commission on Good Government secures Malacañang's approval to auction off Imelda Marcos' Hawaii Collection

Former First Lady and now Ilocos Norte Representative Imelda inside the court at the Sandiganbayan on November 16, 2018. Photo by Darren Langit/Rappler

COA tells PCGG: Compel PNB to submit documents supporting P157-M expenses

May 23, 2019 - 2:29 PM

The state auditors want to verify some $2.98 million disbursements made against the $5-billion recovered ill-gotten wealth of the Marcos family

The cold will inherit the Earth

May 12, 2019 - 11:00 AM

It is not 'wealthy country warming' that is happening, but global warming. We all live in a planet that has been warming.

'No obligation' to explain 6-fold increase in wealth, says Sara Duterte

Apr 22, 2019 - 2:33 PM

The President's daughter says she will only respond to questions about her wealth if a complaint is filed alleging violations of the law

Robredo on Duterte family wealth: All gov't officials must disclose assets

Apr 10, 2019 - 6:45 PM

Vice President Leni Robredo says all government employees, regardless of position, are expected to be honest in declaring their wealth

HONESTY. Vice President Leni Robredo says government employees and officials must be truthful when they submit their SALNs. Photo by OVP

Norway sovereign wealth fund, world's biggest, to dump oil and gas

Mar 08, 2019 - 8:08 PM

(UPDATED) The government of Norway says the divestment is specifically targeting exploration and production companies, 'rather than selling a broadly diversified energy sector'

Bezos, Gates and Buffett still top the world's ultra rich – Forbes

Mar 05, 2019 - 10:14 PM

According to the list by Forbes, the riches of Jeff Bezos, 55, have swelled by $19 billion in one year and he is now worth $131 billion

TOP 3. According to Forbes, Jeff Bezos remains the world's richest person, followed by Bill Gates and Warren Buffett. Bezos file photo by David Ryder/AFP; Gates file photo by Lev Radin/Shutterstock; Buffett file photo by AFP

Court decisions prove Marcos ill-gotten wealth — Robredo

Mar 01, 2019 - 4:15 PM

The vice president says there are court decisions, not only in the Philippines but also is Switzerland and the US, to prove that the Marcosses stashed ill-gotten wealth

SEIZURE. More ill-acquired assets are to be seized by the state from dummy foundations of the Marcoses. File photo by AFP

Imee willing to sign bank waiver to prove no Marcos ill-gotten wealth

Feb 09, 2019 - 10:54 PM

The anti-graft court has found evidence that Imee Marcos is a beneficiary of the illegal Swiss foundations created and maintained by their mother, Imelda Marcos

BANK WAIVER. Ilocos Norte Governor Imee Marcos says she has nothing to hide in her bank accounts. File photo by Maria Tan/Rappler

WATCH: Imee Marcos silent on 'benefiting' from illegal foundations

Jan 16, 2019 - 2:05 PM

Ilocos Norte Governor Imee Marcos says she cannot comment while the case is still under appeal

EVADING THE QUESTION. Ilocos Norte Governor Imee Marcos attends the Kapihan sa Manila Bay forum in Manila on January 16, 2019. Photo by Mara Cepeda/Rappler

Revilla concealed unexplained wealth, liable for graft – dissenting justice

Dec 09, 2018 - 8:54 AM

The majority decision acquitting Bong Revilla of plunder only says it has not been proven beyond reasonable doubt that his unexplained bank deposits are kickbacks from Janet Napoles

Senator Bong Revilla Jr arrive his home at Bacoor in Cavite on 7 December 2018. Photo by Lito Boras/Rappler

HOAX: Marcos gold bars, jewelry ‘taken by Aquinos,’ opposition

Dec 07, 2018 - 12:13 PM

The Marcoses’ ill-gotten wealth has been proven in courts and the wealth recovered is accounted for by the PCGG

No more criminal case vs Imelda at Sandiganbayan; 1 civil case near decision

Nov 12, 2018 - 3:20 PM

(3rd UPDATE) The civil case seeks to recover P200 billion worth of alleged ill-gotten wealth filed against Imelda Marcos and children Imee, Bongbong and Irene, plus billions in damages

OLD CASE. The case folder of Civil Case No. 0002 filed in 1987 and amended in 1992 is almost a foot thick. Parties have submitted their memoranda which means it's near the decision stage. Photo by Lian Buan/Rappler

Show me the money: Wealth-flaunting meme goes viral in China

Oct 27, 2018 - 4:00 AM

A viral meme 'Wealth-Flaunting Challenge' on China's popular Weibo platform has been viewed more than 2.3 billion times, drawing more than a million comments

P12-trillion reward? Supreme Court says no to 'Marcos wealth informant'

Sep 09, 2018 - 8:40 PM

The Supreme Court also tells petitioner Danilo Lihaylihay that 'frivolous litigation...hampers the resolution of more meritorious cases'

Supreme Court of the Philippines in PAdre Faura on June 19, 2018. Photo by LeAnne Jazul/Rappler

'Mirror, mirror, on the wall, who's the greatest cheat of them all?'

Aug 19, 2018 - 11:00 AM

While money is behind many things that are good and progressive about human lives, it is more notoriously known for being the root of unethical behavior

Court drops $5-M Marcos wealth case, leaves it to Calida to pursue

Jun 25, 2018 - 6:05 PM

The Sandiganbayan says it's the Office of the Solicitor General and not the Office of the Ombudsman which should pursue the forfeiture case

SC junks P51-B PCGG claim vs Marcoses, cronies

Jun 19, 2018 - 8:47 AM

The Supreme Court's First Division upholds a 2010 Sandiganbayan ruling which dismissed a PCGG complaint that sought damages from the estate of the late dictator Ferdinand Marcos and his cronies

Robredo slams plan to abolish, transfer PCGG to Calida's office

May 17, 2018 - 7:10 PM

'Dagdag rin sa ating pangamba na mauwi ang pagsasawasto ng naging kasalanan ng pamilyang Marcos sa sambayanang Pilipino sa kasalukuyang Solicitor General,' says Vice President Leni Robredo

Vice President Leni Robredo addressed Senior High School graduates and Junior High School completers at the Lyceum of the Philippines University-Laguna in Calamba during their commencement exercises on Wednesday, May 16, 2018. In her speech, VP Leni called on the students to use their talents, education, and idealism to make the country a better place for the less fortunate and underprivileged youth. (Photos by OVP)

No 'historical revisionism' in moves to abolish PCGG – Roque

May 17, 2018 - 4:28 PM

'Wala pong revisionism diyan dahil lahat ng katungkulan ng PCGG, ipagpapatuloy po ng Office of the Solicitor General,' says Presidential Spokesperson Harry Roque

HISTORICAL REVISIONISM? Presidential Spokesperson Harry Roque denies there is 'historical revisionism' in moves to abolish the Presidential Commission on Good Government or PCGG. Malacañang file photo

House OKs bill abolishing agency hunting Marcos ill-gotten wealth

May 15, 2018 - 6:25 PM

(UPDATED) If the bill is passed, the powers of the Presidential Commission on Good Government would be transferred to Solicitor General Jose Calida, who had defended the hero's burial for the late dictator Ferdinand Marcos

NOW MOST POWERFUL OFFICIAL? Solicitor General Jose Calida does the signature fist sign of President Rodrigo Duterte. File photo by Rappler

PCGG did not sell any ill-gotten property in 2017 – COA

Apr 30, 2018 - 11:20 AM

PCGG chief Reynold Munsayac says he was held back by the notice of charge that the COA issued on past sales of the agency

Duterte to allow anti-corruption body to look into his bank records

Mar 07, 2018 - 1:47 PM

President Rodrigo Duterte says the Presidential Anti-Corruption Commission is free to check his bank accounts but he won't give the same access to his political opponents

President Rodrigo Roa Duterte discusses matters with Presidential Anti-Corruption Commission (PACC) Chairman Dante Jimenez and other PACC officials prior to their oath-taking ceremony at the Malacañan Palace on March 6, 2018. ROBINSON NIÑAL JR./PRESIDENTIAL PHOTO

De Lima seeks inquiry into anti-money laundering law compliance

Mar 03, 2018 - 1:42 PM

'Duterte should never be exempted from investigation and accountability,' says Senator Leila de Lima

NO REGRETS. Senator Leila de Lima is seen in this photo walking past her former bodyguard and boyfriend Ronnie Dayan (lower right) at a Senate hearing. File photo

Duterte on vagina remark, Senate orders Bautista arrest, Sheeran is best-selling artist | Midday wRap

Feb 27, 2018 - 12:23 PM

Watch the midday newscast with Marguerite de Leon

Duterte probe terminated because AMLC refused to cooperate – Ombudsman

Feb 15, 2018 - 4:50 PM

This development raises more questions: where did the bank records come from, and why did a different deputy ombudsman terminate the investigation?

President Rodrigo Roa Duterte lauds the men and women of the 1002nd Infantry Brigade for their service to the country in his speech during his visit to their headquarters in Malungon, Sarangani Province on July 5, 2017. Malacañan Photo

Ombudsman probe into Duterte wealth already ‘terminated’ – Calida

Feb 13, 2018 - 1:46 PM

(4th UPDATE) Calida asks the Office of the Ombudsman: Why not announce the termination?

President Rodrigo Roa Duterte, in his message to the rebel returnees at Malacañan Palace on February 7, 2018, explains how insurgency has stunted the development of the agriculture sector in the hinterlands. Malacañang Photo

[OPINION | Newspoint] Duterte vs Morales: Power vs justice

Feb 10, 2018 - 11:00 AM

The core issue is hidden, possibly ill-gotten, wealth. It began hounding Duterte during the electoral campaign. During his presidency it has been overshadowed by other, graver, issues he can’t seem to stop provoking.

Malacañang on Duterte's alleged investments: Prove documents authentic

Jan 22, 2018 - 1:34 PM

Almost two years after allegations of hidden wealth were first made, President Rodrigo Duterte has yet to issue a waiver allowing the release of his bank accounts' transaction history

President Rodrigo Roa Duterte witnesses the program proper during the Philippine Amusement and Gaming Corporation (PAGCOR) 2018 Kick Off: Game On! All in For Nation Building at the Manila Hotel in Manila on January 11, 2018. Also in the photo is Executive Secretary Salvador Medialdea. YANCY LIM/PRESIDENTIAL PHOTO

8 legal stories to keep an eye on in 2018

Jan 07, 2018 - 6:40 PM

From complaints against former president Benigno Aquino III to controversies at the Bureau of Customs, here are high-profile cases to watch this year

Poe wants probe into Facebook’s rules on taking down posts

Jan 05, 2018 - 6:27 PM

The senator says ongoing probe into the spread of fake news can cover the recent case of posts on the Marcos wealth compromise deal being taken down

FAKE ‘NEWS.' The Senate is set to hold followup hearings on the proliferation of fake ‘news' online after the first one in October 2017. File photo by Camille Elemia/Rappler