Metro Manila (CNN Philippines, July 6) — The Presidential Commission on Good Government (PCGG) on Wednesday said the disposal of its property in Mandaluyong City where it used to hold office was sanctioned by the Privatization Council.
It said the council gave the green light for the sale of the property in 2021 along with 16 other assets to generate income for the government.
The PCGG, tasked to recover ill-gotten wealth accumulated by the Marcos family and their associates, is responding to a Commission on Audit report that said it disposed of the building last year for ₱800 million.
“The Mandaluyong Property is a recovered asset in 1986 with a 50-year-old 3-storey building,” the PCGG clarified. “As such, the property has been in the pipeline of assets for disposition by the Privatization Council since 2013.”
It added that it will transfer to its 2,600 square meters headquarters in Ortigas Center this year, rent free for a period of three years.
The Privatization Council, chaired by the finance secretary, directs and supervises the sale and disposition of assets of the national government.
Calls to abolish the PCGG came up, including a bill filed at the House of Representatives, after President Ferdinand Marcos Jr. assumed office last year.
