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Recto affirms P714 M PCGG sale of Monet painting
The Philippine Star
|July 30, 2025
The Presidential Commission on Good Government (PCGG) has remitted P714 million to the Bureau of the Treasury (BTr) following the sale of a Claude Monet painting, which was sold by the commission and is believed to be part of the late President Marcos Sr.'s collection, Finance Secretary Ralph Recto said.
The PCGG remitted the multimillion-peso proceeds from the painting to the Treasury last May.
The commission was created by former president Corazon Aquino to recover the Marcos' ill-gotten wealth, including that of his immediate family, relatives, subordinates and close associates, whether located in the Philippines or abroad.
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