Duque: Jinggoy violated SALN law
MANILA - Senator Jinggoy Estrada should have complied with the law and declared his P119-million Wack-Wack house and land as a real estate property in his statement of assets, liabilities and net worth (SALN), Civil Service Commission Chairman Francisco Duque said Friday.
Estrada said he has no plans of amending his SALN following the discovery of the house he was constructing.
Estrada declined to be interviewed on camera, but admitted over the telephone his ownership of the Wack-Wack property in Mandaluyong. City
Estrada said this was reflected in his 2012 SALN under the category of "investments" which amounted to P119 million.
Duque said what Estrada did was not in accordance with the SALN law.
"Hindi. Kasi malinaw ang guidelines ng Civil Service Commission na dapat nakalagay yan sa real properties," he explained.
"Puwedeng nag-invest din siya sa corporation. Iyung corporation ay part-owner siya, dapat dinisclose niya rin yung corporation niya," Duque added.
Duque said real properties may only qualify as investments if they yield income or interests or are part of an ongoing business activity such as leasing or build-and-sell.
Estrada is currently facing a tax investigation in connection with Wack Wack subdivision property, according to a report by the Philippine Star.
Bureau of Internal Revenue (BIR) Commissioner Kim Henares told media last week that her agency would look into all tax angles in Estrada’s acquisition of the property.
She said the investigation will determine if Joseph Estrada had enough declared income to support his lot purchase and his mansion’s construction.
"I cannot say that just because he has acquired a new property, he already has a tax liability. I have to see first his reported income. If the property is included in his statement of assets, liabilities and net worth (SALN) and is supported by his reported income, then there is no problem," she said.
She said the problem would arise if Sen. Estrada’s declared earnings were insufficient for his property acquisition.
In this case, she added that the senator would have to explain where he got his funds, and if such funds were part of his income, why he did not declare them.
In his 2012 SALN, Estrada valued his real properties at P66 million while his personal properties were worth P149.16 million. The Wack Wack acquisition was not specifically listed among his real properties.
He listed his liabilities at P21.66 million and his net worth at P193.5 million.
Estrada said he sold his North Greenhills, San Juan house near his father’s residence in 2011 for P100 million, which he used to buy the Wack Wack lot.
He said he started building his new house in 2012. He did not say how he funded the construction. - with reports from Lynda Jumilla, ABS-CBN News; ANC