• PCGG to auction P114M in recovered properties

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    THE Presidential Commission on Good Government (PCGG), the government agency tasked to recover the ill-gotten wealth of the Marcoses and cronies, on Friday said it will auction recovered real estate properties worth about P114 million in September this year.
    In a statement, PCGG Chairman Andres Bautista said the Department of Finance’s Privatization Council allowed the commission to proceed with the public auction of three recovered properties whose titles are already in the name of the republic.

    Bautista is confident that the properties will attract a number of bidders.

    He said they have prepared the terms of reference for the auction of the properties which were recovered from former National Bureau of Investigation (NBI) Director Jolly Bugarin.
    Bautista said the assets include pieces of properties in Greenhills, San Juan City, Pasig City and Diliman Quezon City.

     

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