VP Robredo net worth down by P7.76-M because of electoral protest fees

Adrian Ayalin, ABS-CBN News

Posted at May 16 2018 10:31 AM

MANILA - Vice President Leni Robredo registered a significantly lower net worth this year, citing her expenses in the on-going electoral protest of former Senator Bongbong Marcos at the Presidential Electoral Tribunal. 

In her Statement of Assets, Liabilities and Net Worth as of December 31, 2017, Robredo said her net worth only amounts to P1,114,102.84, down by P7.76 million from P8,878,111.43 in December 2016.

She noted in her SALN that she has “lower net worth due to partial counter-protest fee deposited with PET.”

In 2016, Robredo’s liabilities only amounted to P6.9 million but for 2017, it ballooned to P11.9 million.

She registered additional loans payable to Pablito Chua (P1 million), Vicente Hao Chin, Jr. (P2 million), and Rafael Bundoc (P2 million); in addition to previous loans from the estate of Marcelina Robredo (P1 million), the estate of Jose Robredo (P2 million), Jose Robredo Jr. (P1.15 million), Jocelyn Austria (P2 million), and Salvacion Gerona (P750,000). 

The total assets of the Vice President also declined, from P15.78 million in 2016, to P13.01 million in 2017.

Her current assets include a residential house and lot in Naga City, as well as residential, agricultural, orchard and memorial lots, also in Naga City, with a total acquisition cost of P1.73 million.

She also listed P11.28 million cash, furniture, appliances, jewelry, insurance, a Toyota Innova and Toyota Grandia. 

The SALN of the Vice President was released by the Office of the Ombudsman upon the request of the media, following the release of the SALN of President Duterte last Friday.