The Presidential Commission on Good Government (PCGG) is a governmental body established in the Philippines aimed at recovering the ill-gotten wealth amassed by the late President Ferdinand Marcos, his family, associates, and cronies during his regime.
The PCGG was created on February 28, 1986, by virtue of Executive Order No. 1 issued by the newly installed President Corazon Aquino. Its primary objective is to investigate, prosecute, and recover the alleged ill-gotten wealth accumulated during the Marcos regime through corruption, illegal activities, and abuse of power.
The commission is composed of a Chairman and several Commissioners appointed by the President of the Philippines. Its mandate includes identifying, freezing, and taking control of assets, properties, and businesses acquired unlawfully. The PCGG is also responsible for initiating related legal actions in order to secure the return of the ill-gotten wealth to the Filipino people.
Furthermore, the PCGG is empowered to look into the transactions and activities of corporations and individuals implicated in the accumulation of unexplained wealth. It cooperates with various government agencies, international organizations, and judicial bodies to ensure the effective retrieval of these assets.
The creation of the PCGG has been viewed as a significant step towards combating corruption, promoting transparency, and providing justice to the victims of the Marcos regime's abuse of power. With its comprehensive jurisdiction and authority, the PCGG plays a crucial role in the Philippines' pursuit of accountability and the recovery of misappropriated public funds.
