Politics · Philippines Bureau
Ten firms linked to Duterte, husband showed no dividend payments
A prosecution witness testified that ten of eighteen companies associated with Vice President Sara Duterte and her husband failed to declare any dividends, according to Securities and Exchange Commission records presented during proceedings.
LSN Philippines ·
MANILA—Ten companies connected to Vice President Sara Duterte and her husband generated no declared dividends, a prosecution witness told the court citing official Securities and Exchange Commission (SEC) documentation. Private prosecutor Erwin Matib referenced SEC Company Registration and Monitoring Department records during testimony, presenting a comprehensive list of eighteen firms linked to the vice president and her spouse. The witness cited SEC documentation as the basis for identifying which corporate entities failed to report dividend distributions. The testimony formed part of ongoing legal proceedings that have focused on the financial disclosures and business interests of the nation's second-highest official. The specific nature of the companies and the broader implications of the testimony were not immediately detailed in available records.