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Pahirap ni Bongbong: Loans for poll protest bring down Robredo’s net worth down to P1.1M

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Vice President Leni Robredo’s net worth has dipped by P7.7 million on the back of debts she incurred to pay fees related to her electoral protest against former senator Ferdinand “Bongbong” Marcos Jr.

A copy of Robredo’s Statement of Assets Liabilities and Net worth (SALN) released Wednesday (May 16) showed Robredo’s net worth is down to P1,114,102.84 as of December last year from P8,878,111.43 in December 2016.

The decrease was caused by a P5-million jump in Robredo’s liabilities. She had loans ranging from P750,000 to P2 million from eight persons.

Barry Gutierrez, Robredo’s abogado, said the loans were used to pay the fees for the electoral protest.

“She had to borrow money to pay the protest fees required by PET. Supportive citizens raised money through contributions and attempted to submit to PET, but their petition was denied. So the VP had to raise the money herself,” he said in a statement.

In August last year, the Supreme Court sitting ast the Presidential Electoral Tribunal (PET) junked the petition of Robredo’s supporters, the Piso Para sa Laban ni Leni movement, to raise money for her electoral protest.

The PET’s decision prompted Robredo to raise the P7.4 million balance needed as cash deposit for the case.

Owing to the loans, Robredo’s liabilities now stand at P11.9 million while her assets are worth P13 million.

The value of the Vice President’s real estate properties remained at P1.7 million while her cash assets stand at P6.1 million.

Robredo listed shares of stock in Meralco as her sole business interest.

She has two relatives in government, who are working as doctors at the Philippine General Hospital in Manila.