The Commission on Audit (COA) has flagged the Presidential Commission on Good Government (PCGG) that disposed of its building in Mandaluyong City in 2022 for P800 million.
In an annual audit report, the COA directed the PCGG to recover properties from the ill-gotten wealth of the Marcoses that the “land, land improvements and buildings” at No. 82 EDSA, Mandaluyong City that was recorded in the list of “abandoned, surrendered property assets” in 2021.
The properties, in January 2022, had been appraised total market values of P856.99 million and P721.5 million from Asian Appraisal and Cal-Fil, respectively.
“The property was disposed of through public bidding in May 2022,” COA’s Notes to Financial Statements cited.
The appraisal valued the PCGG land at P836.94 million, the buildings at P18.977 million, and other land improvements at P1.073 million.
The report noted the properties “are being used by the Commission in its operation.”
“In 2022, the said property was disposed through public bidding and the proceeds amounting to P800,000,000 was remitted to the Bureau of Treasury Trust account under Fund 184,” the COA said.