Will the Philippines fight to get back Marcos ill-gotten wealth amounting to 3.3 million dollars in New York? Asked about the Arelma case in a journalists’ forum, President Ferdinand Marcos Jr. told the media to talk to his lawyers instead.
Full story: https://www.rappler.com/philippines/marcos-jr-response-arelma-ill-gotten-wealth-case-april-2024/
Full story: https://www.rappler.com/philippines/marcos-jr-response-arelma-ill-gotten-wealth-case-april-2024/
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00:00 Will the Philippines fight to get back the Marcos' ill-gotten wealth, amounting to $3.3 million in New York?
00:07 Asked about the Arelma case in a journalist's forum, President Ferdinand Marcos Jr. told the media to talk to his lawyers instead.
00:14 In 2009, the Sandigan Bayan found that the Arelma assets constituted ill-gotten wealth and forfeited it to the government.
00:21 The Supreme Court upheld it in 2012 and 2014.
00:24 The assets are in New York and would need separate litigation to obtain it.
00:28 Now that you are the president representing the Philippine government, with the Solicitor General and the PCGG under you,
00:35 which side will you represent, Mr. President?
00:39 I really haven't looked at it in years and I would advise you to talk to the lawyers that are handling it.
00:47 I'm letting it.
00:47 (bell chimes)