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Reuters
Reuters
Politics

Philippine lawmaker seeks to abolish agency recovering Marcos wealth

FILE PHOTO: A Presidential Commission on Good Government (PCGG) official shows a jewellery set of the confiscated jewellery collection of former Philippine first lady Imelda Marcos during the appraisal by Sotheby's inside the Central Bank headquarters in Manila November 27, 2015. REUTERS/Erik De Castro/

A Philippines lawmaker has submitted a bill seeking to scrap a commission tasked with recovering billions of dollars in wealth plundered during the rule of the president's late father, arguing it has "outlived it usefulness".

The Presidential Commission on Good Government (PCGG) has since 1986 retrieved about $5 billion from the family of incumbent President Ferdinand Marcos Jr, but about $2.4 billion is still caught up in litigation.

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