“First of all, this offshore investment is just normal for businessmen who have money that they want to invest,” Gadon said in Filipino. Gadon added that Tugade, whom he said is a friend, has been declaring his offshore investment in his SALNs since 2012. “Secretary Art Tugade has long been rich. This is the one on logistics and a variety of others.”“I know Secretary Art Tugade personally. “[It] has consistently been disclosed in my sworn SALN under ‘Personal Properties – Intangible’, particularly, as ‘Offshore Investments’ from 2012 to 2020.

Source: Philippine Daily Inquirer October 06, 2021 18:00 UTC