PCGG recovers P5M worth of Marcos-era vehicles
The Presidential Commission on Good Government (PCGG) announced Wednesday that it has recovered motor vehicles worth at least P5 million as part of efforts to reclaim ill-gotten wealth from former President Ferdinand Marcos Sr., his family, and former Malacañang photographer Fernando Timbol.
In July 1987, the PCGG filed Civil Case No. 0032 against the Marcoses and Timbol involving 21 motor vehicles and household appliances worth P5 million that were allegedly unlawfully acquired by Timbol.
A Supreme Court decision on February 8, 1989 declared these properties as ill-gotten and forfeited them to the Republic, leading to a writ of execution transferring custody of the vehicles to the PCGG.
By virtue of this writ, the PCGG successfully recovered the 16 motor vehicles but was unable to recover household appliances due to their inability to be identified.
During a case conference on January 21, 2025, the PCGG and Office of the Solicitor General agreed that the case should be closed as the properties had been successfully turned over.
The Sandiganbayan dismissed Civil Case No. 0032 due to nearly four decades of inaction by state prosecutors.
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
Topics in this story
Explore more stories about these topics