MANILA - The net worth of Ombudsman Conchita Morales grew by P17.778 million during her 7-year stint at the anti-corruption agency.
Morales has a net worth of P58.527 million as of December 2017, according to her Statement of Assets, Liabilities and Net Worth (SALN).
This was P17.778 higher than the P40.479-million net worth she declared 2011, when she first declared her SALN upon assumption of office, as mandated by Republic Act No. 6713 or the Code of Conduct and Ethical Standards for Public Officials and Employees.
Her SALN for 2016 amounted to P54.13 million.
Morales, who was appointed as Ombudsman by former President Benigno Aquino III, is set to retire in 2 months after finishing a full 7-year term.
In her latest SALN, Morales declared P58.615 million worth in assets which include a memorial lot purchased in 1977 and 3 residential lots in Muntinlupa, both purchased in 1977.
Her most recent acquisitions were also declared in her list of assets, such as undated house construction and improvements in Muntinlupa; another house and lot in Lemery, Batangas purchased in 2001; a memorial lot purchased in 2003; and condominium units in Manila, Taguig City, Baguio City, and Makati City purchased in 1999, 2008, 2011, and 2013, respectively.
She also declared cash investments as assets amounting to P35.028 million which include cash on hand, retirement benefits, pension and cooperative investments.
Her only liability is an outstanding balance of P88,000 from Rustan’s for a “personal item” which was not specified.
She also declared 3 relatives who are in government: her son Eugenio Morales III (Register of Deeds land examiner), brother Emmanuel Carpio (Regional Trial Court Davao City Branch 16 presiding judge) and nephew Waldo Carpio (Department of Agriculture assistant secretary).
Morales started her career in government service in 1971 as a special assistant at the Department of Justice and went on to become a judge and Supreme Court associate justice, before her appointment as Ombudsman.
The SALN of Morales was released by her office, upon the request of the media.
Under the law, Morales must also file her SALN within 30 days after separation from service.