Leni poorer by P7.8 million due to poll protest - News Summed Up

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Leni poorer by P7.8 million due to poll protest

MANILA, Philippines — Vice President Leni Robredo became poorer by P7.8 million in 2017 after incurring higher debts due to expenses in the ongoing electoral protest of former senator Ferdinand Marcos Jr. Robredo’s 2017 net worth was also lower by 89.9 percent from P11,053,138 when she assumed office on June 30, 2016. The decrease in her net worth was mainly due to her liabilities which ballooned to P11.9 million, an increase of 72.46 percent from P6.9 million in 2016. Robredo incurred additional loans of P5 million from her late husband’s relatives Pablito Chua (P1 million), Vicente Hao Chin Jr. (P2 million) and Rafael Bundoc (P2 million). Robredo declared a net worth of P8,711,083 and P8,302,123.70 in 2015 and 2014, respectively.

Source: Philippine Star May 16, 2018 15:22 UTC