Senate President questions source of Vice President Duterte's wealth rise
Senate President Sherwin Gatchalian flagged that the surge in Vice President Sara Duterte's net worth may not stem from the 18 firms tied to her and husband Manases Carpio, which have reported losses and paid no dividends.
During a Senate hearing, Sherwin Gatchalian examined corporate summaries submitted to the impeachment court by SEC official Gerardo Del Rosario. He noted that none of the 18 companies linked to Sara Duterte and Manases Carpio declared dividends, and many showed losses. Gatchalian suggested these financial results make it unlikely that the firms generated the reported increase in Duterte's personal wealth. The observation raises questions about the origins of the vice president's asset growth.
Why it matters
It highlights potential gaps in financial transparency for a senior Philippine official.
In this story
Related stories
12 in this thread