Pacquiao, Villar among richest in Congress

By Paolo Romero, The Philippine Star

Posted at May 01 2012 10:34 AM | Updated as of May 02 2012 12:55 AM

MANILA, Philippines - With a net worth of over a billion pesos, world boxing champion and Saranggani Rep. Manny Pacquiao remains the richest member of the House of Representatives, based on the 2011 statement of assets, liabilities and net worth (SALN) he filed, a Congress official said yesterday.

Ricardo Bering, director of the Records Management Office of the House, declined to disclose the lawmaker’s actual net worth as he has to get permission first from Pacquiao.

Earlier, the Bureau of Internal Revenue (BIR) asked Paquiao to explain the alleged discrepancies in his income tax return.

In 2010, the popular congressman’s net worth was pegged at P1.13 billion, with no liabilities.

Bering said he expects all 284 House members to file their SALNs yesterday at the Office of the Secretary General.

Meanwhile, Bayan Muna party-list Rep. Neri Colmenares said that he personally filed his 2011 SALN at around 1:30 p.m. and showed the marked document, with a net worth of P697,701 to reporters. As in the past years, militant lawmakers were listed as among the poorest congressmen in 2010.

Villars still richest couple

Among the four copies initially gathered by reporters at the Senate yesterday, Sen. Manny Villar Jr. and his wife, former Las Piñas representative Cynthia Villar, seemed to have retained their position as the richest among the legislators, with their combined net worth of P854,213,716.

The submission of SALNs was given much focus this year since the senators are sitting as judges in the impeachment trial of Chief Justice Renato Corona.

Corona is facing three Articles of Impeachment, including his alleged failure to declare truthfully in his previous SALNs some of his properties and dollar accounts.

A senator-judge had once quipped that if Corona is found guilty over his SALNs, then scrutiny of the truthfulness of all senators’ SALNs should be next on the agenda.

In Villar’s SALN, he listed at least six residential houses acquired on various dates, mostly in Las Piñas City. The couple listed purchase as mode of acquisition. They also placed both the assessed and fair market values of the properties, which totaled P4,588,619.

The couple also listed investments in shares of stocks amounting to P219,228,941 and other real and personal properties pegged at P630,396,156 or a total of P849,625.097 in personal and other properties.

The Villars do not have any liabilities as reflected in the 2011 SALN.

A comparison of Villar’s SALN in 2010 showed that his assets increased from P725,221,964 to 2011’s P854,213,716. In 2009, Villar’s assets were higher at P947,883,619.

As in their previous SALN, the Villar couple listed business interests in Fine Properties, Inc., M.B. Villar Co. Inc., Macys Inc., Mooncrest Property, Hollinger Holdings, and the latest one acquired in 2011, Manuela Corp.

Two relatives in public office are Villars’ son, Rep. Mark Villar, and Mayor Vergel Aguilar, the senator’s brother-in-law.

Meanwhile, initial figures from Sen. Pia Cayetano’s staff showed that the senator’s assets decreased to P72,058,846.58 in 2011 compared to P76,775,628.71 in 2010.

Sen. Panfilo Lacson also filed his SALN with total net worth of P22,637,612.46 for 2011. His net worth in 2010 was pegged at P24.729-million, indicating a dip in his 2011’s net worth.

The former police chief’s assets include a lot acquired in 1989 in Silang, Cavite with current fair market value of P800,000 and building acquisition cost of P160,000.

Lacson placed the amount of P23,208,028.71 under cash on hand/bank; P3.5 million in jewelry; P1.2 million in furniture and antiques; stocks and investments, P9,217,500; motor vehicles, P1.5 million and assorted firearms at P800,000.

Lacson’s liabilities include an income tax payable of P1,597,916.25; and P15 million in loans payable.

There is a note saying that the senator was a co-borrower/guarantor with Megastar Realty on a bank loan of P100 million.

Sen. Antonio Trillanes IV’s net worth for 2011 showed a bit of increase compared to 2010.

Trillanes pegged his total net worth at P3,897,121.50.

Dubbed as the “poorest” among the senators last year, Trillanes listed three properties including a 240-square meter residential lot in Gen. Trias, Cavite; a 308-square meter residential lot in Antipolo City and a 60-square meter residential condominium with a parking slot in Parañaque City.

For all three properties, Trillanes listed both the assessed and fair market values as well as acquisition costs, which equates to P5.092 million, in his real property assets.

A total of P4.780 million was reflected in Trillanes’ personal property and other assets, which include cash on hand/bank accounts including AFPSLAI, PNSLAI and PAFCPIC at P1.520 million; jewelry, furniture and antiques etc at P475,000; investments (private insurance and premium PD) at P220,000; a Kia Rio and Toyota Grandia, both acquired through loans in 2011. The two vehicles had acquisition costs of P675,000 and P1.89 million, respectively.

Trillanes filed his SALN on March 20 this year, way ahead the April 30 deadline.

Trillanes, former renegade soldier turned senator, also listed P6,784,878.50 in liabilities, including two housing loans and two car loans.

He acquired a P1,753,696.01 housing loan with Pag-IBIG Fund, and another one with Bank of the Philippine Islands of P2,574,049.49.

The two car loans with PSBank were pegged at P2,457,133.

In his 2010 SALN, Trillanes listed assets totaling P3.836 million, which included a 120-square meter residential lot in Gen. Trias, Cavite; a 308-square meter lot in Antipolo; and a residential condominium in Parañaque worth P3 million. He had P3.880 million in loans as liabilities.

The STAR asked for certified true copies of the SALNs for 2011 of all the senators but a staff member at the Office of the Senate Secretary said they are still collating all the submitted documents, and the release of documents will likely be made within 15 days. – With Christina Mendez