The Presidential Commission on Good Government (PCGG) has recovered 309.84 billion pesos in assets linked to the Marcos family. President Ferdinand Marcos Jnr disputes the classification of these assets as ill-gotten wealth, citing legal victories.
Philippine Vice-President Sara Duterte-Carpio suffered a serious setback in her impeachment trial after the Senate allowed prosecutors to examine key financial records in an unexplained wealth case, potentially jeopardizing her 2028 presidential election prospects.
A Vietnamese court has ordered Lan to repay US$27 billion in damages. She has repaid over 12 trillion dong to 42,000 bondholders, with more payments pending. Two luxury Hermes bags were auctioned, fetching billions of dong, and three luxury cars are slated for auction.
Congressman Antonio Tinio of ACT Teachers Partylist predicts the Senate will begin impeachment proceedings against Vice-President Sara Duterte-Carpio after May 4 when the Senate resumes. Under the 1987 Constitution, the 24-member Senate must sit as senator-judges to try the vice-president, with Senate President Vicente Sotto III presiding. Duterte-Carpio stated on January 29 that she and her husband retained lawyers as early as Q4 2023 after a House member announced plans to file a case against her.
