PICASSO’S ‘MISSING’ PAINTING SPOTTED AT IMELDA MARCOS’ HOME AFTER SON WINS PHILIPPINES PRESIDENCY

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Sat 14 May 2022:

A painting by Pablo Picasso, the world’s most famous artist, has been discovered inside the home of former dictator Ferdinand Marcos’ wife Imelda.

According to footage released in a documentary on the Marcos family called ‘The Kingmaker,’ the picture, called Femme Couche VI (Reclining Woman VI), was seen above the sofa Imelda was reclining on in her apartment.

It comes just days after her son Ferdinand Marcos Junior was elected president of the Philippines.

The incident has sparked a frenzy of suspicion, with reports claiming that Marcos, his flashy wife Imelda, and their cronies took up to $10 billion from state coffers during his 20-year dictatorship.

From Manila to New York, the Marcos family had stashed cash in foreign bank accounts or ploughed into art masterpieces, jewellery fit for royalty, thousands of shoes, and real estate.

Marcos Jr. will now be overseeing the hunt for tracking down the loot which was earlier being done by the Presidential Commission on Good Government (PCGG).

Activists fear that nearly 40 years after the Philippines began hunting for the billions of dollars plundered during the former dictator’s regime, his son will use his power to recover the ill-gotten wealth.

The PCGG, which is located in a drab building on a popular highway in Manila that was taken from a Marcos crony 36 years ago, has recovered 266 billion pesos ($5 billion) in cash and assets.

The money returned to the government was mostly utilized for land reform and compensation for victims of Marcos’ human rights violations.

According to Andres Bautista, the PCGG chairman from 2010 to 2015, the Marcoses purchased approximately 300 pieces of art by masters such as Picasso and Michelangelo with stolen monies.

SOURCE: INDEPENDENT PRESS AND NEWS AGENCIES

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