Sara, Duterte's P96 million manager’s checks not declared in SALN
Testimony in the impeachment trial of Vice President Sara Duterte revealed that over P96 million in joint bank deposits with her father were held in manager's checks to avoid disclosure in her SALN. Senators expressed concern over the use of these financial instruments to obscure assets.
Why it matters
The revelation of hidden assets in high-level political trials is a significant development in government accountability and anti-corruption efforts.
MANILA, Philippines - More than P96 million of Vice President Sara Duterte's joint bank deposits with her father was concealed in manager's checks and was not declared in her statements of assets, liabilities and net worth (SALN), testimonies on Day 35 yesterday of her impeachment trial revealed.
Hearing the testimony of Bank of the Philippine Islands (BPI) Metro Manila branches division head Marwin Galvez, senators said they found it disturbing that any bank client can apply for manager's check to hide some of his or her financial holdings.
Galvez's revelations followed questioning from private prosecutor James Bryan Ibrahim Alih on the joint time deposit account of the Vice President and her father, former president Rodrigo Duterte. The account was created in 2010 and used for buying manager's checks beginning 2012.
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