By VERA Files
President Rodrigo Duterte and his daughter Sara omitted to fully disclose their joint deposits and investments at the Bank of Philippine Islands, which conservatively exceeded P100 million in some years, when they were mayor and vice mayor of Davao City, our analysis of bank records submitted to Congress and their annual net worth declarations shows.
According to the bank records, Duterte and Sara’s transactions with BPI, initially its Greenhills-EDSA branch and later the Julia Vargas branch, included:
• A P48.17 million placement in 2006 that grew to P55.13 million by 2013
• A P40.55 million investment in 2009 that stood at P41.72 million in 2013
• About $220,000, roughly P10 million, from 2006 to 2012
• The purchase of P80 million in insurance policies in 2014
• A P16.85 million investment begun in 2014
The bank records came from the Senate. Sen. Antonio Trillanes IV entered the documents that he said were from the Anti-Money Laundering Council (AMLC) into the Senate records on Oct. 3 after delivering a privilege speech saying the president had more than P2.2 billion in questionable bank transactions.