Marcos jewelry auction: Medialdea sees no legal obstacle | Global News

Marcos jewelry auction: Medialdea sees no legal obstacle

By: - Reporter / @NCorralesINQ
/ 09:02 PM May 30, 2019

Medialdea: No legal obstacle on auction of P704.8-M Marcos jewels

TOKYO – Malacañang sees smooth sailing for the disposition of the P704.8-million jewelry collection seized from former first lady and now Ilocos Norte Rep. Imelda Marcos.

“The Office of the President sees no legal impediment to the disposition of the Marcos Jewelry Collections, this being within the prerogative of the PCGG,” Executive Secretary Salvador Medialdea told INQUIRER.net in a text message Thursday.

Article continues after this advertisement

“Nonetheless, considering the value and circumstances surrounding the subject items, this Office understands and appreciates why PCGG sought the President’s guidance on the matter, and for this reason, we have elevated the matter to the President himself,” Medialdea added.

FEATURED STORIES

The Presidential Commission on Good Government, task to recover the Marcos’ ill-gotten wealth, has written a letter to the Office of the President in 2018, asking the President’s nod for the auction of the jewelry.

Presidential Spokesperson Salvador Panelo earlier told reporters that Duterte has given his green light to sell the pieces of jewelry for public auction.

The Commission on Audit in its 2018 audit report said the disposal of the P704.8-million jewelry collection seized Marcos only needed the approval of President Rodrigo Duterte before it is sold via public auction.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TAGS: PCGG

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.