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JV Ejercito explains wealth hike in SALN

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By Hannah Torregoza

Senator Joseph Victor “JV” Ejercito on Monday said that the increase in his wealth which was reflected in his latest Statement of Assets, Liabilities and Net worth (SALN) was due to late documentation of a lot donated to him and his wife three years ago.

Administration senatorial bet JV Ejercito (ALVIN KASIBAN / MANILA BULLETIN FILE PHOTO)

Senator JV Ejercito (ALVIN KASIBAN / MANILA BULLETIN FILE PHOTO)

Ejercito, who lost his reelection bid in the recent May 2019 midterm elections, made the statement after questions were raised on his SALN.

“There has been inquiries on the supposed increase of my SALN…All of these are documented, was given a deed of donation of an asset worth P50-million three years ago but the documentation was only completed and reflected in 2019,” Ejercito said.

Ejercito said siblings donated the said property three years ago but it was only last year, 2018, that the property was transferred under his and his wife’s name, thus, it is a non-issue.

“Pag-initan pa ba ang P50-million inheritance? Ang laki naman! Mas malaki utang ko sa bangko,” the senator said.

Based on the copies of the SALN released by the Senate to media, Ejercito ranked 6th in the list of senators who are wealthy showing a ₱132.8-million in 2018, from ₱78.9-million in 2017.

Reelected Senator Cynthia Villar, the wife of billionaire and former Senate President Manny Villar, is still the richest senator with a net worth of ₱3.7-billion.

The poorest is opposition Senator Antonio Trillanes IV with a net worth of ₱7.5-million. Fellow opposition senator, Leila de Lima closely followed him with a net worth of P7.7-million.

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