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Monday, April 29, 2024

Marcos heir to oversee hunt for loot if he wins Philippines presidency

This photo taken on Sept 15, 2005 shows a presidential commission on good goverment (PCGG) official holding a tiara inlaid with diamonds and South Sea Pearls from a collection seized by the government from former first lady Imelda Marcos in the late 1980s, in Manila. (AFP)

Nearly 40 years after the Philippines began hunting for the billions of dollars plundered during former dictator Ferdinand Marcos’s regime, much of the loot is still missing and no one in the family has been jailed.

There are fears the rest may never be found if his son and namesake wins next week’s presidential poll, which would put him in charge of the government agency leading the global search.

The elder Marcos, his flamboyant wife Imelda, and their cronies…

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