Is the election protest taking a toll on former senator Ferdinand “Bongbong” Marcos’ finances?
Marcos’ lawyer, George Garcia, told GMA News Online Tuesday (July 11) that the former senator had to sell his condominium unit to raise the P30-million deposit required of him by the Supreme Court, sitting as the Presidential Electoral Tribunal (PET).
The P30 million is the second installment of the P66.02-million protest fee required by the PET for his poll protest against Vice President Leni Robredo.
“[F]rom what I know, the former senator even had to sell his condominium unit,” Garcia said. “I don’t have enough details about the sale. He only mentioned it to me yesterday.”
Garcia confirmed they have deposited P30 million in the form of two manager’s checks to the SC’s Cash Collection and Disbursement Division on Monday (July 10).
Marcos paid the initial deposit of P36.02 million on April 17.
Aside from selling his condominium unit, Garcia said his client was able to raise the second installment of the deposit to PET with the help of friends.
The deposit will be used for the retrieval of contested ballot boxes and election documents from the39,221 clustered precincts where Marcos is questioning the results of the vice presidential race.
The PET has also required Robredo to pay P7.4 million for the second installment of her counter protest against Marcos. She paid the an initial deposit of P8 million on May 2.
Based on his 2014 Statement of Assets, Liabilities and Net Worth, Marcos had a net worth of P200.6 million.
Meanwhile, Robredo’s net worth stood at P8.9 million as of December 2016 based on her SALN.