Philippines to sell jewellery confiscated from Imelda Marcos

Philippines to sell jewellery confiscated from Imelda Marcos

Philippines to sell jewellery confiscated from Imelda Marcos

Written by Staff Writer

16 Feb, 2016 | 1:21 pm

A huge collection of jewellery that once belonged to the former first lady of the Philippines, Imelda Marcos, is to be sold at auction.

It was seized by the government when her husband, Ferdinand Marcos, was overthrown in 1986.

It is part of an effort to recover millions of dollars stolen by Ferdinand Marcos, the country’s late dictator, and his family.

The jewellery has been valued at more than $21m (£14.5m).

The authorities are rushing to sell the jewels in case the couple’s son, Ferdinand Marcos Junior, becomes vice-president in elections in May.

Officials fear he would then stop the auction.

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