• About Us
  • Contact Us
  • Privacy Policy
  • Free Subscription
  • February 26, 2021

Update Philippines

Updating Filipinos Online

  • Home
  • Nation
  • World
  • Entertainment
  • Food and Travel
  • Economy
  • Technology
You are here: Home / Nation / Marcos Jewelry Collection intended for auction

Marcos Jewelry Collection intended for auction

November 10, 2015 by Gracel Ortega Leave a Comment



149
SHARES
80
VIEWS
ShareTweetSubscribe
GoogleWhatsappPinterestDiggLinkedinRedditStumbleuponBufferPocket

The Bureau of Customs (BOC) and the Presidential Commission on Good Government (PCGG) have agreed to auction the Marcos Jewelry Collection with price tag between USD5 to USD8 million. Under the Memorandum of Understanding (MOU), BOC and PCGG will conduct physical inventory, appraisal and auction of the ill gotten wealth of former President Ferdinand Marcos, his family and their associates.

An Inter-Agency Working Group (IWG) will also be constituted to coordinate the efforts and responsibilities of the two parties and other concerned government offices to carry out said objective. The IWG will supervise and coordinate with the winning bidder/auction house the actual holding of the auction for the Marcos Jewelry Collection.

BOC Commissioner Alberto Lina and PCGG Chairman Richard Amurao vowed to work together for a successful appraisal and block sale of the said collection to maximize proceeds. The proceeds will be deposited without delay to the respective accounts of the National Treasury.

The Marcos Jewelry Collection consists of Roumeliotes Collection and Hawaii Collection. The Roumeliotes Collection is a huge collection of valuable jewels intended to be illegally brought out of the country by Demetrious Roumeliotes, a foreigner and an alleged close associate of the Marcoses, seized by BOC March 1, 1986.

LATEST STORIES

Japan makes inaugural deployment of coastguard vessel to Australia

Japan makes inaugural deployment of coastguard vessel to Australia

The Japan Coast Guard (JCG) will for the first time deploy a vessel to Australia, as part of efforts to strengthen counter-piracy measures in Southeast Asia. The vessel, the 3,300-tonne Souya-class … [Read More...]



Navy admiral's visit reaffirms strong US-PH alliance

Navy admiral’s visit reaffirms strong US-PH alliance

MANILA -- The visit of US Chief-of-Navy Operations, Admiral John Richardson, to the Armed Forces of the Philippines (AFP) headquarters in Camp Aguinaldo, Quezon City gave both the Philippines and the … [Read More...]

ADAS 2018 OBSERVATIONS AND HIGHLIGHTS

ADAS 2018 OBSERVATIONS AND HIGHLIGHTS

I was able to attend the 2018 Asian Defense and Security (ADAS) at the World Trade Center (WTC) in Manila recently, and every time the event is held (every two years) it always seem to get bigger and … [Read More...]

US reiterates offer to sell F-16 jets to PH: Lorenzana

US reiterates offer to sell F-16 jets to PH: Lorenzana

MANILA -- The US government reiterated its offer to supply the Philippines with the Lockheed Martin F-16. The offer took place during Department of National Defense (DND) Secretary Delfin … [Read More...]

Philippine Air Force’s New C-130 SABIR Kit Includes an ELTA Radar

Philippine Air Force’s New C-130 SABIR Kit Includes an ELTA Radar

The kit incorporates, among other systems, an electro-optical imager and a variant of ELTA Systems' EL/M-2022 synthetic aperture radar The 300th Air Intelligence and Security Wing (AISW) of the … [Read More...]

PHL, China to hold joint military exercises in Zhanjiang

PHL, China to hold joint military exercises in Zhanjiang

The Philippines will hold joint military exercises with China during the Association of Southeast Asian Nations (Asean)-China military exercise to be held in Zhanjiang, China on October 22 to 29, the … [Read More...]

149
SHARES
80
VIEWS
ShareTweetSubscribe
GoogleWhatsappPinterestDiggLinkedinRedditStumbleuponBufferPocket

Read More About: Nation

Join the Conversation Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

  • How the global stock markets can affect the economy

    How the global stock markets can affect the economy

  • Tech scams to watch out for

    Tech scams to watch out for

  • 8 things you need to know about the free tuition law

    8 things you need to know about the free tuition law

  • AH-1W for Attack Chopper?

    AH-1W for Attack Chopper?

  • Blackhawk in Philippines, Finally

    Blackhawk in Philippines, Finally

  • US willing to contribute to PHL Navy modernization, says official

    US willing to contribute to PHL Navy modernization, says official

Most Shared Posts

Find us on…

  • Facebook
  • Google+
  • RSS
  • Twitter
© Web Design WPStartups.net · All Rights Reserved · Powered by Likeablepress
149 SHARES