Philippines recovers $29M from Marcos accounts

Published February 12, 2014 1:47pm ET



MANILA, Philippines (AP) — The Philippine government has recovered more than $29 million from the Swiss accounts of late dictator Ferdinand Marcos and is still searching for more of his hidden wealth 28 years after he was toppled, an official said Wednesday.

The money, recovered over the last week, is part of the more than $712 million from Marcos’ secret Swiss accounts now in government hands, said Andres Bautista, chairman of the Presidential Commission on Good Government, the agency in charge of recovering Marcos’ allegedly ill-gotten wealth.

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