From top cop to mayor: Loot's net worth is P70-M


Posted at Jul 07 2016 02:48 PM | Updated as of Jul 07 2016 05:09 PM

Former PCSUPT Vicente Loot. PNP Western Visayas twitter Account

A retired police official turned mayor tagged by President Rodrigo Duterte as an alleged protector of drug syndicates has a net worth of over P70 million.

Former Police Chief Superintendent Vicente Loot's Statement of Assets, Liabilities and Net worth (SALN) filed on April 15, 2015 shows that he has a total net worth of P70.285 million.

As of December 31, 2014, Loot, now the town mayor of Daanbantayan in Cebu province, has total assets worth P80.085 million (real properties, P56.302 million; personal properties, P23.783 million).

He has 10 vehicles, 12 houses, 4 agricultural lots, and a cockpit.

He has liabilities -- real estate, car and personal loans -- worth P9.8 million.

Loot is one of the five police officers identified by Duterte earlier this week as allegedly involved in illegal drug trade.

Loot was director of the Philippine National Police (PNP) Training Service and director of Police Regional Office 8 before retiring.

He won as mayor of Daanbantayan, Cebu in the recently concluded May 9 elections.

Loot has denied the accusation against him, claiming he was just a victim of "black propaganda."

READ: 'Black propaganda,' top cop turned mayor says of drug links

He said drug allegations would always surface during election season. He noted that his wife, Maria Luisa, is also a former mayor of Daanbantayan.

"Iyung paratang sa akin lumalabas every time may election at tumatakbo iyung asawa ko bilang mayor dito sa amin. I'm a victim of black propaganda since the time my wife entered politics," he said.

"Sana mabigyan ako ng pagkakataon na mailabas ko naman yung akin at maipakita ko iyung mga ebidensya, maiwasan ko naman iyung trial by publicity dahil unfair sa family ko." - Report from Carine Asutilla Lapid, ABS-CBN News Central Visayas