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PCGG clueless over Imee Marcos’s trust accounts


Imee Marcos. INQUIRER FILE PHOTO

MANILA, Philippines—The Presidential Commission on Good Government (PCGG), the agency tasked to hunt and recover the Marcos ill-gotten assets, only learned of the alleged offshore trust of Ilocos Gov. Imee Marcos Manotoc and her sons in the British Virgin Islands (BVI) from the report of the Philippine Center for Investigative Journalism (PCIJ).

“We learned about it a few weeks ago,” said PCGG chair Andres Bautista.

Without commenting on whether the details in the PCIJ report were sufficient to launch an investigation, Bautista said the PCGG was “duty bound to investigate” the Sintra Trust.

“And depending upon informed preliminary findings, [we will] decide whether to pursue the matter,” he said.

The PCGG was created soon after the first Edsa People Power Revolution to go after the wealth illegally amassed by the late dictator Ferdinand Marcos, his family and his cronies.

The PCIJ report said that Imee is one of the beneficiaries of Sintra Trust, which formed in June 2002 in the BVI, as shown by documents uncovered in a yearlong investigation by the International Consortium of Investigative Journalists (ICIJ).

Sintra Trust and two other offshore companies linked to Imee Marcos were not listed in the statement of assets, liabilities and net worth (SALN) that Imee filed as a lawmaker and provincial governor, the PCIJ said.

Rod Domingo Jr., the lead counsel in the class suit by 9,539 Marcos human rights abuse victims, is convinced that the alleged offshore trust originated from the ill-gotten wealth secreted out of the country by Imee’s father, the late dictator.

Domingo said his American cocounsel, Robert Swift, will ask Hawaii Judge Manuel Real to have the Sintra Trust satisfy the $2-billion award for damages that he handed down in 1995 against the estate of the dictator.

“Imee can’t put up the trust on her own. All of that came from the Marcos estate. So we can run after the account,” Domingo said in an interview.

The lawyers of the claimants have to convince the court that the account is part of the Marcos estate, since the judgment was against the Marcos estate and not against Imee Marcos. Dona Z. Pazzibugan


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Tags: ill-gotten wealth , Imee Marcos Manotoc , Imelda Marcos , offshore trust , PCGG , Philippine Center for Investigative Journalism , Presidential Commission on Good Governement

  • iriga1_city1_boy1

    “We learned about it a few weeks ago”—Bautista.Holy Macaroni!!! The Trust was formed in 2002,ICIJ had a year long investigation,and only now 10 years later the PCCG just learned about it? POR DIOS POR SANTO!! IT’s like the saying———–”TOO Late The Hero”. And just now duty bound to investigate?
    God help the Philippines!!

  • Hey_Dudes

    This agency created to go after Marcos loot has been clueless since it was created. The only time it has so far been with a clue was when they started to loot the loot themselves.

  • indiosbravos2002

    The Erap/Arroyo government already made deals with the Marcoses. Why do you think they were able to come back to the country.

  • Pio Pusli

    the morons are it again. if govt of USA, Canada, etc are clueless before the expose, much more phils. criminals will find the way, but at least the current leadership shown some balls. btw, did you read the year the corrupt Imee started that secret account? 2002! i wonder who was the president during that period. oh who knows, she took a cut, knowing how swapang that family are

    • iriga1_city1_boy1

      Pare, it started 2002!!!!Unbelievable.the foreigners beat them to the punch in ratting this out to the world,even though the participants are from the Philippines.What has the PCCG been doing for the last 10 years?

  • tonyoks

    i think there is more than meets the eyes here.
    Just a barely 3 months back, like the early first days of 2013 that PCGG Honcho , Bautista was dropping off craps like “No more loot to hunt” that maybe it would be good for PCGG to close shop…

    then there was a move/proposal crawling at the congress who seems to think that this was a brilliant idea, to sort of second this proposal…all in a very tight time constraint…

    i think there is was and is a ploy to really quashed PCGG to make the marcoses bury their
    great thief with honors of course.

    dapat tignannilang mabuti itong mga galamay ng mga Marcos nato…

    pati si bautista dapat maimbistigahan din yan.

    kaya siguro gustong ilaglag ang laban….

    hay more fun talaga dito….

  • shane oy

    Nothing unusual with the PCGG being CLueless, they’re just being true to themselves. OMG.

  • http://www.facebook.com/adri.tion Adri Tion

    While the Marcosses are alive. . . they will continue to play their games with the Filipino people; especially in the Philippines where money can buy just about anything. They have already bought 99.9% percent of the people (including their souls) of the entire Ilocos region (with the same money they stole from the Filipino people)!

  • dikoy321

    What Imee didn’t DECLARE is STOLEN, so let the gov’t claim it back for the nation !
    Also, where’s the NPA who brag about their swift justice ?
    Paid by Marcos’ family ?
    Apparently so…, am I right ?



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