Are the Marcoses joining Jewelry public auction?

ZD’s TRIVIA

In a strange twist of fate, Malacanang said that legally the Marcoses can join the public auction for the millions worth of Marcos acquired jewelry even if the same family is the prime suspect in such ill-gotten wealth.

Legally though, the Marcoses are still presumed innocent until final judtgement which has not yet come forty years after the confescate on after the downfall of the dictator and until now… the case continues to be litigated.

But the Marcoses are opposing the sale of the controversial Marcos jewels of Imelda in a public auction even as the government wants to use the money to help the poor people and victims of martial law out of its proceeds from public auction.

The government therefore announced it will oppose any attempt of the Marcos family to block the public auction of the jewelry collection of former first lady Imelda Marcos.

Presidential spokesperson Salvador Panelo issued the statement after President Rodrigo Duterte approved the public auction of the P704.8 million worth of jewelry seized from the Marcoses in Hawaii in 1986.

But what is good news for the Marcoses is that their family or their dummies can join in the public auction. So if the Marcoses are the highest bidders, then the jewelry go back to them but this time, at a good price of P704 million . But knowing the appreciative values of jewelries today, buy keeping it for another five years, the price could yet double, thus recover the auctioned price. That is the beauty and tragedy of being rich.

“The government feels that, as the President says, the proceeds have to go to the Filipino people who are in urgent need of government aid,” Malacanang said at a press briefing.

The President approved the auction on the request of the Presidential Commission on Good Government (PCGG).

The PCGG is also planning to auction off the Marcoses’ real estate properties and shares of stock worth P376 million. Still, since the Marcoses are still presumed innocent until final judgement, then they or their assigns can join the public auction.

Direct beneficiaries

But an organization of former political prisoners on Monday said martial law victims and their families should be the direct beneficiaries of the public auction.

“They come from the poor and underprivileged, from faraway provinces who do not have access to reparation process for rights victims,” said Danny Dela Fuente, vice chair of Samahan ng mga Ex-Detainees Laban sa Detensyon at Aresto (Selda).

“The martial law victims deserve to benefit from these funds. Not doing so defeats the purpose of recovering all ill-gotten wealth from the Marcoses,” the SELDA GROUP said.

With the Marcoses regaining political influence under the Duterte administration after the midterm elections, Selda called for vigilance over the proceeds of the planned auction BECAUSE technically, if the Marcoses win the bid or be declared the highest bidder, then the jewelries go back to the Marcos family and so will the real estate areas being withheld by the PCGG in the past.

So what good was the Marcos wealth being sequestered when the same family won the public bidding and got back the properties? At least now they bought it back with clean money however they earned it.—30—