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Pacquiao vows to chase ill-gotten Marcos wealth if elected president

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Karen Lema and Neil Jerome Morales, Reuters

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="Composite/File" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2021/life/10/28/20211028-pacquiao-bongbong-compo_1.jpg"/><figcaption><em>Manny Pacquiao and former senator Ferdinand &quot;Bongbong&quot; Marcos Jr. Composite/File</em></figcaption></figure></div><p>MANILA — Boxing icon Manny Pacquiao vowed on Friday that if elected Philippines president he would strengthen efforts to recover billions of dollars of wealth missing since the fall of the Marcos dictatorship, as part his anti-graft platform.</p><p>Pacquiao&#x27;s comments are a jab at rival and early favorite Ferdinand Marcos Jr, whose family was accused of plundering an estimated $10 billion during his late father&#x27;s opulent two-decade rule, spending it on jewelry, real estate and scores of artworks including those of Pablo Picasso and Claude Monet.</p><p>Pacquiao said the Presidential Commission on Good Government (PCGG), which recouped $3.41 billion of wealth from the Marcoses and their associates in 33 years, would be empowered to recover more if he wins the May 9 election.</p><p>&quot;We will strengthen the PCGG and the money that belongs to the government should be given to the government,&quot; Pacquiao told a forum of presidential candidates, from which Marcos, better known as &quot;Bongbong&quot;, was absent citing a schedule conflict.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/news/02/03/22/marcos-skips-kbp-forum-due-to-conflict-in-schedule">Marcos skips KBP Forum due to conflict in schedule</a></li></ul><p>&quot;The reason why our country is poor is because of thieves in government and that is why we need to eradicate corruption,&quot; said Pacquiao, a senator and former eight-division champion.</p><p>The Marcos campaign team did not immediately respond to a request for comment.</p><p>In a Jan. 25 radio interview, Marcos acknowledged court judgements against the family regarding assets and it would respect the law and court decisions.</p><p>Like Pacquiao, other presidential contenders, Vice President Leni Robredo, Manila Mayor Francisco Domagaso, Senator Panfilo Lacson and Leody de Guzman, a labor leader, all pledged to root out government graft and protect public money.</p><p>Despite being overthrown in a 1986 revolt and driven into exile, the Marcos family remain a powerful force in the Philippines, with loyalists throughout the bureaucracy and political and business elite.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/focus/multimedia/slideshow/09/20/17/the-marcoses-ill-gotten-wealth">The Marcoses&#x27; ill-gotten wealth</a></li></ul><p>The family returned to the Philippines in the 1990s and Marcoses have held political office ever since, including governors, members of Congress and senators.</p><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe allow="autoplay; fullscreen" frameBorder="0" height="100%" id="ivsplayer01" scrolling="no" src="https://player.ivideosmart.com/ivsplayer/v4/dist/html/iframe-src.html?iframeid=ivsplayer01&amp;key=e8c22c015ca9eafa76f1e3edfa03c603&amp;spid=3001339&amp;vid=1779362" width="100%"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

Sen. Manny Pacquiao vowed on Friday that if elected president, he would strengthen efforts to recover billions of dollars of wealth missing since the fall of the Marcos dictatorship.

Pacquiao vows to chase ill-gotten Marcos wealth if elected president

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Pacquiao vows to chase ill-gotten Marcos wealth if elected president

Karen Lema and Neil Jerome Morales,

Reuters

Published Feb 05, 2022 03:09 AM PHT

Read More:

Manny Pacquiao

Ferdinand Marcos Jr

Bongbong Marcos

Presidential Commission on Good Government

Marcos ill-gotten wealth

Marcos dictatorship

PCGG

graft

corruption

Senator Manny Pacquiao

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