Berkeley CSUA MOTD:Entry 39666
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2025/05/25 [General] UID:1000 Activity:popular
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2005/9/14-17 [Computer/Companies/Ebay, Politics/Domestic/911, Politics/Domestic/Crime] UID:39666 Activity:nil
9/14    http://news.yahoo.com/s/nm/20050913/od_nm/philippines_imelda_dc
        Imelda Marco is ok with being guilty but she will not allow the
        government to sell her precious jewelries.
2025/05/25 [General] UID:1000 Activity:popular
5/25    

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news.yahoo.com/s/nm/20050913/od_nm/philippines_imelda_dc
Reuters Imelda Marcos vows to stop sale of her jewelry By Bobby Ranoco Tue Sep 13,12:04 PM ET BATAC, Philippines (Reuters) - Imelda Marcos, the former first lady of th e Philippines, vowed Monday to go to court to stop the government's plan to sell millions of dollars' worth of jewelry confiscated from her fami ly in 1986. Click Here The collection is reported to include a Persian-style necklace with more than 100 carats of canary and pink diamonds, and a diamond-studded brace let with a 31-carat marquise at its center. Gloria Macapagal Arroyo 's cash-strapped government hopes to fund a land reform program by sellin g the Marcos jewelry. The world's top auction houses were invited to val ue three sets from the Imelda Marcos collection this week. Mrs Marcos, who faces dozens of criminal and civil charges related to the 20-year presidency of her late husband Ferdinand Marcos, said she inten ded to file a legal motion against the government with a Manila court by Friday. "I am confident that my efforts will be successful to stop the sale and r ecover my jewels," she told reporters in her husband's hometown of Batac in the northern Philippines. "The government has not shown any proof that the funds used to purchase t hem were ill-gotten." Previous attempts to sell the jewels have fallen through because of dispu tes including over a venue for the auction. Mrs Marcos is probably best known for her collection of more than 1,200 p airs of shoes, but she also built up an extensive jewelry collection. Media have put the value of the jewels as high as $20 million, representi ng a small part of the up to $10 billion the couple are accused of plund ering. Officials at the Presidential Commission on Good Government (PCGG), the s tate agency seeking to recover the Marcos wealth, have said the collecti on is likely to be worth $4-$6 million. An auction may be held this November or next May, both peak times for jew elry sales, the officials said. "I'm confident that Mrs Marcos would not pursue the plan suggested by he r lawyers to prevent the sale of the jewelry," Rick Abcede, a PCGG commi ssioner, told a news conference. The ultimate beneficiaries of the sale of those jew els are the poor among us since the proceeds will go to land reform." Representatives from international auction houses Christie's and Sotheby' s are due in Manila Thursday to appraise the collection, which is kept i n a vault at the central bank. A team from Bonham's auction house is als o due to meet with the government. The three sets of jewelry were seized at the presidential palace, Manila international airport and by US customs agents in Hawaii as the Marcos family fled the Philippines for exile in the United States in 1986. Abcede said the government would not stop Mrs Marcos from buying back her collection when it is put up for auction. Former Philippine first lady Imelda Marcos listens during a meeting w ith reporters in Laoag city in the northern Philippines' province of Ilo cos Norte September 12, 2005. Imelda said on Monday she would stop the g overnment's plan to sell millions of dollars worth of jewellery confisca ted from her family in 1986, bringing her case to court later this week. Republication or r edistribution of Reuters content is expressly prohibited without the pri or written consent of Reuters. Reuters shall not be liable for any error s or delays in the content, or for any actions taken in reliance thereon .