House prosecutors said they found gaps in Vice President Sara Duterte’s annual Statements of Assets, Liabilities and Net Worth (SALNs) from 2022 to 2025, the first four years of her six-year term, with the highest alleged gap reaching P98 million in 2023.
Based on the prosecution’s initial calculations, the alleged gap was more than P80 million in 2022, P98 million in 2023, P66 million in 2024 and P70 million in 2025. The lowest alleged gap was P66 million in 2024.
Prosecutors said the figures came from comparing Duterte’s SALNs with financial records linked to her and her husband, lawyer Manases “Mans” Carpio. These included bank balances, insurance and investments, and firearms.
In practical terms, the prosecution is saying the financial records it reviewed showed substantially more assets than the amounts reflected in Duterte’s SALNs.
At a pre-trial briefing on Thursday, October 8, prosecutors said the 2023 gap was based partly on more than P71 million in combined year-end bank balances, P35.9 million in insurance and investments, and more than P7 million in firearms. The couple’s combined declaration under “Others” was less than P15 million.
The prosecution said it reviewed 29 accounts across eight banks, including LandBank, Asia United Bank, PSBank, Metrobank, Security Bank, BPI, PNB and BDO. Closed accounts were excluded.
Prosecutors also said Duterte did not declare cash on hand or cash in bank in the SALNs examined.
The figures remain preliminary and will be reviewed by a financial analyst during the open trial. The alleged discrepancies have therefore yet to be conclusively established.
Prosecutors separately identified two properties owned by Carpio that they said were not reflected in the SALNs, but these were not included in the annual gap calculations. (Marjohara Tucay)
