Robredo net worth dwindles to P1.1 million

VICE President Leni Robredo declared a lower net worth of P1,114,102.84 in her 2017 Statement of Assets, Liabilities and Net Worth.

She blamed the decline on her expenditures for an ongoing electoral protest filed by former-senator Ferdinand Marcos Jr. with the Supreme Court acting as the Presidential Electoral Tribunal. 

Meanwhile, Robredo on Wednesday blamed some newspaper reports saying some PET revisers had said there were some votes cast for President Rodrigo Duterte that were not counted in his favor in the 2017 presidential election in Camarines Sur.

She said the “reporters who made such report were taken for a ride, deceived by their alleged source.”

“No such votes were counted by the Presidential Electoral Tribunal for President,” said Robredo’s lawyer Romulo Macalintal.

As of Dec. 31, 2017, Robredo said her net worth had amounted to P1,114,102.84, down by P7.76 million against December 2016’s P8,878,111.43.

She said her net worth declined due to the partial counter-protest fee that she deposited with the PET.

In 2016 Robredo’s liabilities reached only P6.9 million against 2017’s P11.9 million.

According her SALN for 2017, she had additional loans payable to Pablito Chua of P1 million, Vicente Hao Chin Jr. of P2 million and Rafael Bundoc of P2 million.

Apart from the new loans, Robredo had previous loans from the estates of Marcelina Robredo at P1 million, Jose Robredo at P2 million, Jose Robredo Jr. at P1.15 million, Jocelyn Austria at P2 million, and Salvacion Gerona at P750,000.

Robredo’s total assets also fell to P13.01 million in 2017 from P15.78 million in 2016.

A residential house and lot in Naga City, as well as a residential, agricultural, orchard and memorial lots, also in Naga City, with a total acquisition cost of P1.73 million were among Robredo’s assets.

The vice president’s SALN listed P11.28 million in cash, furniture, appliances, jewelry, insurance, a Toyota Innova and a Toyota Grandia. 

Topics: Vice President Leni Robredo , net worth , SALN , Presidential Electoral Tribunal , Ferdinand Marcos Jr. , Supreme Court
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