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Philippines set to quit Marcos wealth chase

Ferdinand Marcos. AFP FILE PHOTO

The Philippines is to wind down a near-30-year hunt for the embezzled wealth of late dictator Ferdinand Marcos, with more than half the supposed $10 billion fortune still missing, the man in charge of the search said.

Posted: January 1st, 2013 in Latest News Stories,Nation | Read More »

Lucio Tan seeks P300M from government in damage suit

lucio tan

Claiming that state prosecutors have failed to prove that his assets are ill-gotten after more than two decades of trying, ethnic Chinese businessman Lucio Tan has filed a P300 million counter-claim for damages from government.

Posted: April 13th, 2012 in Uncategorized | Read More »

PCGG seized P3 for each P1 spent in 2011

The Presidential Commission on Good Government (PCGG) recovered almost P3 for every peso it spent for its operations in 2011, turning over to the national treasury P268.5 million in recovered ill-gotten wealth of late strongman Ferdinand Marcos and his alleged cronies.

Posted: January 4th, 2012 in Latest News Stories,Nation | Read More »

Check scam an inside job, says lawmker

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Bayan Muna Rep. Teodoro Casiño monitored the report of the fire fight and linked INQUIRER.net’s breaking story to his tweet. “This is one hell of a shootout,” he tweeted.  INQUIRER FILE PHOTO

“This is an inside job,” said Bayan Muna party-list Representative Teodoro Casiño. Casiño and Bayan Muna party-list colleague Neri Javier Colmenares expressed fear that a Commission on Human Rights (CHR) investigation into the reported cases of fake claimants to the compensation fund for human rights victims of the Marcos regime “may be tainted considering that […]

Posted: November 6th, 2011 in Headlines,Nation | Read More »