Tag: BSP vault

Value of Marcos jewelry collection stored in BSP vault now at P1 billion

MANILA, Feb. 15 — Following the weeklong appraisal in November 2015 of the massive ill-gotten jewelry collection seized from the Marcoses and stored in a vault at the Bangko Sentral ng Pilipinas (BSP) for almost three decades, the Presidential Commission on Good Government (PCGG) announced that the value of all three collections now amounts to a conservative estimate of at least P1 billion. This is based on the reports submitted by Christie’s and Sotheby’s, which […]