Philippines: Decision on Imelda Marcos' Jewelry Auction Postponed
Post Date: 01 Jun 2010 Viewed: 585
Philippines' President Gloria Macapagal Arroyo has ordered the Presidential Commission on Good Government (PCGG), which is currently discussing the possible auction of former First Lady Imelda Marcos' jewelry collection, to suspend its proceedings. .
According to Philippine media, the order was directed through the office of Executive Secretary Leandro Mendoza, who said President Arroyo, who will not be seeking another term in office, has decided to leave it to her successor to decide on the final disposition of the Imelda Marcos' jewelry.
While Secretary Mendoza noted much the Presidential Commission on Good Government has made great progress regarding the jewelry auction, he said time has run out on the process, and the issue is best left to the in-coming administration.
The jewelry was confiscated by the government after the1986 EDSA Revolution and has been kept at the Central Bank vault for more than 20 years.