Politics · Philippines Bureau
VP Duterte received P2.14M from company as investment return, court hears
A defense witness testified before the Senate impeachment court that Vice President Sara Duterte obtained over two million pesos from GenCorp Industries Inc. between 2022 and 2025, characterized as a return on a Jollibee franchise investment in Davao City.
LSN Philippines ·
MANILA — The Senate impeachment court heard testimony Wednesday that Vice President Sara Duterte received P2.14 million from GenCorp Industries Inc. over a three-year period, with a defense witness describing the payments as a "return of capital" from what he called a "loose investment" in a Jollibee branch located in Davao City.
The testimony came as the court examined the financial relationship between the Vice President and the company. According to the witness account presented during proceedings, the funds transferred between 2022 and 2025 were linked to the fast-food franchise investment.
The case centered on the nature and legitimacy of the financial arrangement. GenCorp Industries Inc.'s in-house counsel, lawyer Suzette Balucanag-Punay, was also referenced in connection with the matter, though specific details of her role remained under examination.
The impeachment proceedings have focused scrutiny on Duterte's financial dealings, with the court weighing evidence regarding the source and characterization of funds received during the period in question.