MANILA, Philippines — The P328 billion worth of “ill-gotten” wealth and unpaid taxes from the Marcos family may no longer be recovered if former senator Ferdinand “Bongbong” Marcos Jr. gets elected as president, former Supreme Court associate justice Antonio Carpio said Thursday. If Bongbong Marcos becomes president, I do not expect the P125 billion to be recovered anymore. He’ll probably abolish the PCGG,” Carpio said. Aside from this, Carpio said the Marcos family also owes the government P203 billion in estate tax. “There’s a bigger problem because he owes the government P203 billion as of now for the estate tax.

Source: Philippine Daily Inquirer January 13, 2022 20:10 UTC