Politics · Philippines Bureau
Gatchalian questions Duterte's wealth growth amid company losses
Senate President Sherwin Gatchalian has raised questions about how Vice President Sara Duterte's net worth increased when 18 companies linked to her and her husband reported financial losses.
LSN Philippines ·
MANILA — Senate President Sherwin Gatchalian on Tuesday questioned the sources of Vice President Sara Duterte's wealth accumulation, noting an apparent contradiction in financial records submitted for review.
After examining summaries of 18 corporations associated with Duterte and her husband Manases Carpio, Gatchalian observed that the companies reported losses despite reports of growth in the Vice President's net worth during the relevant period.
The Senate President's remarks highlight scrutiny of the financial disclosures of high-ranking government officials. Gatchalian's observations suggest potential discrepancies between the documented performance of business entities linked to Duterte and her stated personal wealth growth.
The matter underscores ongoing concerns about transparency in financial declarations among members of the Philippine government. The Vice President's office has not yet responded to the latest inquiry regarding the apparent inconsistencies in the financial records.