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MANILA, Philippines — Manila sixth District Rep. Bienvenido Abante has filed a billseeking to scrap the Presidential Fee on Good Authorities (PCGG) which is tasked with recovering billions of {dollars} in wealth plundered through the rule of President Ferdinand Marcos Jr.’s late father, arguing it has “outlived its usefulness.”
The PCGG has since 1986 retrieved about $5 billion from the household of the incumbent President however about $2.4 billion remains to be caught up in litigation.
The PCGG was established a couple of days after the elder Marcos fled a well-liked rebellion in opposition to his twenty years of decadent rule on the helm of what many historians think about one in every of Asia’s most well-known kleptocraci…
Carry on studying: Abolish PCGG, it ‘outlived its usefulness’ – lawmaker
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