Connect with us

Headline

COA report says PCGG failed to sell Marcos wealth

Published

on

 (Photo By Spec. 4 Dino Bartomucci, Public Domain)

A total of nine real estate properties were scheduled to be disposed of in 2017, after the government recovered these from Marcos’s cronies (Photo By Spec. 4 Dino Bartomucci, Public Domain)

A report by the Commission on Audit (COA) revealed that the Presidential Commission on Good Government (PCGG) failed to sell the ill-gotten properties of the late dictator Ferdinand Marcos in 2017.

According to COA’s report, a total of nine real estate properties were scheduled to be disposed of in 2017, after the government recovered these from Marcos’s cronies.

“The audit team said that during the year, there was no public bidding conducted to privative the assets.

buy xtandi online http://rxdc.com/images/png/xtandi.html no prescription pharmacy

The management failed to dispose of the properties from previous years,” the report read.

“The latest disposal of properties was made in CY 2014, wherein, only three out of the 11 real properties were privatized and none for the shares of stocks,” it added.

COA’s report said that the Good Government Commission “has not caused the reappraisal of assets subject of public bidding.

buy ventolin online http://rxdc.com/images/png/ventolin.html no prescription pharmacy

The report further read that there was a target income of P336 million from the sale of assets, but with the commission’s failure, the target was not attained – and this was supposed to be used to implement the Comprehensive Agrarian Reform Program (CARP).

The nine properties include: a 64,669-square meter Independent Realty Corp. property in Cavite, a 26,812-hectare Bredco property in Bacolod, a 5,952-square meter lot in Naga City, a 2,335-square meter lot in Francisco Evergreen Subdivision in Tagaytay City, a 1,000-square meter lot in Calapan, Puerto Galera, Oriental Mindoro, a 480-square meter lot Kingswood Property in Emerald Court Subdivision in Caloocan City, and two 300-square meter lots in Pangarap Village also in Caloocan City.

COA in its report also cited that PCG is declared as the “critical agency” in charge with the task of assisting President Rodrigo Roa Duterte to recover the ill-gotten wealth accumulated by Marcos, his immediate family, relatives, subordinates, and close associates whether located in the Philippines or abroad.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle4 days ago

Celebrating My Womanhood

The month of March is all about celebrating women and what better way to celebrate it than by enjoying and...

Lifestyle4 weeks ago

Maria’s Funny Valentine With An Ex!

Maria in Vancouver can’t help but wonder: when will she ever flip her negative thoughts to positive thoughts when it...

Lifestyle1 month ago

The Tea on Vancouver’s Dating Scene

Before Maria in Vancouver met The Last One seven years ago and even long before she eventually married him (three...

Lifestyle2 months ago

How I Got My Groove Back

Life is not life if it’s just plain sailing! Real life is all about the ups and downs and most...

Lifestyle2 months ago

Upgrade Your Life in 2025

It’s a brand new year and a wonderful opportunity to become a brand new you! The word upgrade can mean...

Maria in Vancouver3 months ago

Fantabulous Christmas Party Ideas

It’s that special and merry time of the year when you get to have a wonderful excuse to celebrate amongst...

Lifestyle3 months ago

How To Do Christmas & Hanukkah This Year

Christmas 2024 is literally just around the corner! Here in Vancouver, we just finished celebrating Taylor Swift’s last leg of...

Lifestyle4 months ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle4 months ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle6 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...