For these left questioning what the election of Ferdinand Marcos Jr as president of the Philippines would imply for the hunt to trace down his household’s ill-gotten wealth, the reply appeared clear when the brand new chief visited his mom Imelda Marcos to rejoice his victory: the Marcos clan will in all probability get to hold on to the billions in artwork and jewels they acquired through the dictatorial rule of Ferdinand Marcos Sr within the 1970 and 80s. In spite of everything, they seem to nonetheless have a priceless portray by Pablo Picasso that was marked for seizure by the federal government in 2014, because it (or a reproduction) was noticed hanging on the wall of Imelda’s residence in San Juan in footage launched by the household this week.
Picasso’s Reclining Lady VI is among the many greater than 200 artworks Imelda and Ferdinand Marcos acquired whereas they have been in energy, utilizing cash siphoned out of the Philippines to financial institution accounts in Switzerland and elsewhere to fund their household’s lavish life-style. After Ferdinand was ousted through the Individuals Energy Revolution in 1986, and the household fled to dwell in exile in Hawaii, a Presidential Committee on Good Authorities (PCGG) was fashioned to recuperate the estimated $10bn that was taken in a foreign country.
The Picasso portray was on an inventory of belongings the federal government reportedly seized from the household in 2014, however Andy Bautista, the previous head of the PCGG, says that portray was probably a faux, and is looking on the federal government to get the actual portray again whereas it nonetheless can. Based on the New York Instances, a lot of the Marcos’s assortment is suspected to be bogus or misattributed, though they nonetheless spent hundreds of thousands to purchase the works. When the Picasso appeared on the wall behind Imelda throughout an interview for Lauren Greenfield’s 2019 documentary The Kingmaker, the Philippines authorities once more tried to grab the portray, nevertheless it might not be discovered and was declared “lacking”.
When requested concerning the portray’s resurfacing throughout a press convention this week, Vic Rodriguez, a spokesman for Marcos Jr, deflected the query, casting aspersions about Bautista’s personal political historical past. “I invite you Chairman Andy Bautista to come back residence should you’re assured sufficient, make your allegations right here in individual in order that to be truthful to the Filipino folks, we will additionally maintain you accountable for the various misdeeds and the allegations as to the conduct of the 2016 elections,” Rodriguez stated.
Bautista has been dwelling within the US since 2017, when he was impeached over his ex-wife’s unexplained wealth and resigned as chair of the elections fee. The fee had upheld the 2016 win of Vice President Leni Robredo, towards a problem introduced by her important opponent within the race, Marcos Jr.
