Ombudsman Morales to retire P18 million richer

MANILA, Philippines — Outgoing Ombudsman Conchita Carpio-Morales is retiring almost P18 million richer than when she assumed office in 2011.

In her statement of assets, liabilities and net worth submitted to the Office of the Ombudsman’s Central Records Division on April 30, Morales declared a net worth of P58,527,437.84 as of Dec. 31, 2017, higher by eight percent or P4.397 million from her net worth of P54,130,530 at the end of 2016.

Morales’ 2017 net worth is also 44 percent or P17.778 million higher than the P40.749-million net worth she declared in her entry SALN filed on July 29, 2011.

Morales’ net worth for 2017 is computed from her total assets amounting to P58,615,347.84 less her liabilities of P88,000.

The increase in Morales’ net worth was mainly due to the higher values of her personal properties, specifically her jewelry, books, furniture, antique, silverware and related possessions obtained from 1972 to present collectively valued at P3.3 million from P2.9 million in her entry SALN until  2016.

Morales’ cash on hand, retirement benefits, pension and earnings from cooperative investments also increased to P35.028 million from P31 million in 2016, as well as her provident fund to P124,787 from P68,000 in 2016.

The value of Morales’ vehicles which include a van and car remains the same for 2017 and 2016 at P522,850.

The total value of her real properties also stays at P19.639 million which include two residential lots in Muntinlupa City (P600,000 each), a house with improvements also located in Muntinlupa (P2.13 million), condominium unit at Providence Tower in Malate (P2 million), condominium unit at Robinsons Residences in Taguig City (P4 million), condominium at Eton Parkview, Greenbelt, Makati (P4.9 million), condominium unit at Albergo Condominium in Baguio City (P2.5 million), house and lot in Lemery, Batangas (P2.6 million), and two memorial lots in Parañaque City purchased in 2003 and 1972 at P300,000 and P1,500, respectively.

Meanwhile from zero liabilities in 2016, Morales last year incurred P88,000 credits from Rustan’s for her purchase of “personal items.”

Just like in 2016, Morales declared financial connection with the Supreme Court Savings and Loan Association Inc. (SCSLAI) in which she is a member since 2002.

Morales declared three family members in government service – her son Eugene Morales III, a land examiner at the Muntinlupa City Register of Deeds; her brother Emmanuel Carpio, a presiding judge of Davao City Regional Trial Court Branch 16, and her nephew Waldo Carpio who is an assistant secretary of the Department of Agriculture.