Robredo P7.7 million poorer due to loans for PET case
MANILA, Philippines — The net worth of Vice President Leno Robredo dipped by around P7.7 million last year due to partial counter-protest fees deposited with the Presidential Electoral Tribunal (PET), according to her latest Statement of Assets, Liabilities and Net Worth (SALN).
Robredo's SALN, which the Office of the Ombudsman released on Wednesday, showed that her net worth in December 2017 was at P1,114,102 while her net worth in 2016 was P8,878,111.
The vice president's liabilities grew from P6.9 million in 2016 to P11.9 million in 2017 due to loans taken to pay for fees in the electoral protest of defeated vice presidential bet Ferdinand "Bongbong" Marcos Jr.
The vice president's liabilities stem from loans payable to the estate of Marcelina Robredo (P1 million), estate of Jose Robredo (P2 million), Jose Robredo Jr. (P1.15 million), Jocelyn Austria (P2 million), Salvacion Gerona (P750,000), Pablito Chua (P1 million), Vicente Hao Chin Jr. (P2 million) and Rafael Bundoc (P2 million).
Robredo's assets also shrunk to P13.01 million in 2017 from P15.78 million in 2016.
In April 2017, the Supreme Court, sitting as the PET, ordered Robredo to pay P8 million in cash for her counter electoral protest against Marcos.
The P8-million cash bond would only serve as the first installment of her protest fee amounting to P15.5 million. The Robredo camp said that the first tranche of the cash bond came from loans and her personal savings.
The Robredo camp then asked the tribunal for an extension of the July 14, 2017 deadline for paying the remaining cash deposit of P7.43 million, which the court approved.
As vice president, Robredo receives a basic monthly pay of P148,478. The vice president holds Salary Grade 32 and is prohibited by the Constitution from receiving emoluments like allowances.
RELATED: Duterte net worth up by P1.1M
— Patricia Lourdes Viray
President Rodrigo Duterte’s declared net worth grew by P1.1 million as of Dec. 31, 2017 at P28.54 million from P27.428 million by the end of 2016, his Statement of Assets, Liabilities and Net Worth submitted to the ombudsman shows. — with Elizabeth Marcelo
Ombudsman Conchita Carpio Morales is richer by P17.778 million since she assumed office in July 2011. Morales is set to retire on July 26 this year.
Morales’ net worth for 2017 is computed from her total assets amounting P58.615 million which include real properties worth P19.639 million and personal properties worth P38.975 million less her liabilities of P88,000 which involve a credit from Rustan’s for “personal items.”
Morales declared a net worth of P58.527 million as of Dec. 31, 2017, higher by 44 percent or P17.78 million from her net worth of P40.749 million declared in her entry SALN in July 2011.
Morales’ net worth in 2017 is also higher by 8 percent or P4.4 million from her P54.13 million in 2016.
Sen. Cynthia Villar is still the richest senator and Sen. Antonio Trillanes the poorest, based on their 2017 SALNs.
Villar's net worth is at P3.6 billion while Trillanes' is at P6.87 million.
Vice President Leni Robredo's net worth for 2017 went down by a significant 87.45% or P7.76 million due to loans she took to pay for fees in Bongbong Marcos' poll protest.
Her net worth was at P1,114,102.84 in 2017 from P8,878,111.43 in 2016.
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