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Thursday 13th August 2020,
Hope for Nigeria

£17m recovered from Marcos accounts

The search for more of Marcos’ hidden wealth continues, 28 years after he was toppled.

Andres Bautista, chairman of the Presidential Commission on Good Government, said the money was part of the more than 712 million dollars (£434m) from Marcos’ secret Swiss accounts that was now in government hands.

Mr Bautista, whose agency is in charge of recovering Marcos’ ill-gotten wealth, said the government won ownership of the funds in Singapore courts over claims by victims of human rights violations under Marcos’ rule and private foundations representing the Marcoses.

He said more than four billion dollars (£2.4bn) had already been recovered from an estimated 5-10 billion amassed by the Marcoses during his 20-year rule.

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