This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.theguardian.com/world/2014/feb/12/philippines-seizes-marcos-accounts

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Philippines seizes £17.6m from Marcos accounts Philippines seizes £17.6m from Marcos accounts
(7 months later)
The Philippine government has recovered more The Philippine government has recovered more than US$29m from the Swiss accounts of the late dictator Ferdinand Marcos and the search for more of his hidden wealth continues 28 years after he was toppled, an official has said.
than US$29m from the Swiss accounts of the late dictator Ferdinand The money, recovered over the last week, was part of the more than $712m from Marcos’s secret Swiss accounts now in government hands, said Andres Bautista, chairman of the Presidential Commission on Good Government, the agency in charge of recovering Marcos’ allegedly ill-gotten wealth.
Marcos and the search for more of his hidden wealth continues 28 years The government won ownership of the funds after several years of litigation in Singapore courts over claims by victims of human rights violations under Marcos’s rule and private foundations representing the Marcoses, Bautista said at a news conference.
after he was toppled, an official has said. Authorities had already recovered more than $4bn from an estimated $5-10bn amassed by the Marcoses during the dictator’s 20-year rule, he said.
The money, recovered over the last week, was part of the more than $712m from Marcos’s secret Swiss accounts now in government hands, said
Andres Bautista, chairman of the Presidential Commission on Good
Government, the agency in charge of recovering Marcos’ allegedly
ill-gotten wealth.
The government won ownership of the funds after several years of
litigation in Singapore courts over claims by victims of human rights
violations under Marcos’s rule and private foundations representing the
Marcoses, Bautista said at a news conference.
Authorities had already recovered more than $4bn from an
estimated $5-10bn amassed by the Marcoses during the dictator’s
20-year rule, he said.
Bautista said last month that the government was targeting at least 50bn pesos ($1.1bn) more.Bautista said last month that the government was targeting at least 50bn pesos ($1.1bn) more.
“There is still a lot of work that can be done in respect to pursuing “There is still a lot of work that can be done in respect to pursuing ill-gotten wealth,” he said on Wednesday.
ill-gotten wealth,” he said on Wednesday. “We should not allow ill-gotten wealth, the taking of ill-gotten wealth, to go unpunished.”
“We should not allow ill-gotten The Philippines’ supreme court ruled in 2003 that the Marcoses wealth in excess of their total legal income of around $304,000 from 1965 to 1986 was presumed to be ill-gotten.
wealth, the taking of ill-gotten wealth, to go unpunished.”
The Philippines’ supreme court ruled in 2003 that the Marcoses wealth in excess of
their total legal income of around $304,000 from 1965 to 1986 was
presumed to be ill-gotten.
Marcos died in exile in Hawaii in 1989 without admitting any wrongdoing during his presidency.Marcos died in exile in Hawaii in 1989 without admitting any wrongdoing during his presidency.
Bautista said the government had filed more than 200 civil cases for Bautista said the government had filed more than 200 civil cases for recovery and forfeiture of ill-gotten assets, including real estate, amounting to about 30-40bn pesos ($667-$890m) from the Marcos family, their cronies and associates.
recovery and forfeiture of ill-gotten assets, including real estate, It is seeking more than 150 paintings of “prominent masters and artists” collected by the Marcos family that went missing after the Marcoses fled the presidential palace during the February 1986 “people power” uprising.
amounting to about 30-40bn pesos ($667-$890m) from the Bautista declined to comment when asked whether he believes Marcos’s widow, Imelda, and their three children were still living off their hidden wealth.
Marcos family, their cronies and associates. Imelda Marcos is a member of the house of representatives. Her eldest child, daughter Imee, is governor of their northern home province of Ilocos Norte, while her son, Ferdinand Jr, is a senator. Her other daughter, Irene, remains low key and has kept away from politics.
It is seeking more than 150 paintings of “prominent masters and
artists” collected by the Marcos family that went missing after the
Marcoses fled the presidential palace during the
February 1986 “people power” uprising.
Bautista declined to comment when asked whether he believes Marcos’s
widow, Imelda, and their three children were still living off their
hidden wealth.
Imelda Marcos is a member of the house of representatives. Her eldest
child, daughter Imee, is governor of their northern home province of
Ilocos Norte, while her son, Ferdinand Jr, is a senator. Her other
daughter, Irene, remains low key and has kept away from politics.