PCGG remits P100M to national treasury—Palace
MANILA, Philippines—The Presidential Commission on Good Government (PCGG) has remitted a total of P100 million to the Bureau of Treasury, said Executive Secretary Paquito Ochoa Jr.
Citing a report by PCGG Chairman Andres Bautista to President Benigno Aquino III, Ochoa said money is intended to bankroll the Comprehensive Agrarian Reform Program (CARP), whose funding under the law is sourced from cash and proceeds from recovered ill-gotten wealth of the Marcoses and their cronies.
Bautista said the money was remitted to the national treasure on February 28, in time for the PCGG’s 25th anniversary celebration, and came from certain escrowed deposit accounts, “which upon our review are not subject of any pending cases and as such may now be rightfully remitted to the National Treasury.”
Ochoa lauded the PCGG, saying “ we have seen the signs of a reinvigorated commission which has recaptured the organization’s original vision and energy for good governance.”
He said the commission is now led by a new batch of “brilliant lawyers who comprise a young, dynamic and courageous team.”
“Taking cue from this positive development, we are confident that our pursuit of plundered wealth, stashed away everywhere and anywhere in this country and the entire world, can be recovered and be returned to the collective purse of our country,” Ochoa said.
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