House Prosecution Members Bare SALN

MANILA, Philippines - At least three House panel prosecution members have publicly disclosed their Statement of Assets, Liabilities and Net worth (SALN), it was learned yesterday.

Deputy Speaker and Quezon Rep. Lorenzo Tañada III, Bayan Muna party-list Rep. Neri Colmenares and Akbayan party-list Rep. Arlene Bag-ao of Akbayan Party-list voluntarily bared their SALN to the public, exactly six days before the resumption of the impeachment trial of embattled Chief Justice Renato Corona on May 7.

Tañada, one of the 11-man House prosecution panel's spokespersons and the Liberal Party spokesperson, has a declared net worth of P16,557,576.90, making him the richest among three lawmakers. His assets, including real and personal proper¬ties amounted to P18,557,576.90.

Listed under his real properties was the P1,922,576.90-worth condo¬minium in Makati he bought in 1990. Six years after the condominium purchase, he also bought a house and lot in Makati, worth P3,050,000 --- making his total real properties valued at P4,972,576.90.

In his SALN, Tañada disclosed that he owns a Honda City vehicle worth P775,000 which he acquired in 2011. Also listed under the deputy speaker's properties were his furni¬ture or fixtures pegged at P250,000, and his investments worth P6,785,000. Part of his P13,585,000 worth of total personal properties was his cash on hand which is worth P5,775,000.

Also revealed in the Quezon solon's SALN was his P2 million worth of liabilities. He has various business interests and financial connections. He is a partner at the Tañada, Vivo and Tan Law Office in Ortigas and the director of the Boulevard Holdings in Makati.

Bag-ao, known for fighting the rights of the Sumilao farmers as their legal counsel, recorded a P1,098,320.30 net worth. Included in the list of her P2,470,517.57 worth of assets were a residential property in Misamis Oriental (P317,119), 2005 Adventure (P442,00) 2011 Toyata Innova (P1.133 million), equity in partnerships (P50,000) cash on hand and bank accounts (P91,126.12) and others (P50,000).

She had liabilities amounting P1,372,197.27, which include per¬sonal loans (P895,833.33), bank loans (P17,500), GSIS/Pag-Ibig Fund/Personal Loans (P104,799.32), mortgage payables (P268,321.84) and other insurance (P85,736.48).

Colmenares posted a P697,701 net worth. His assets worth P2,394,600, include: residential property in Spazzio, Quezon City (P1,520,600 with its improvement costing P140,000), lot in Spazzio, Quezon City (P162,000), another lot also in Spazzio, Quezon City (P168,000), 2001 Toyota Revo (P285,000) and 1995 Nissan Sentra (P48,000). He has a cash on hand totalling P70,000. His liabilities pegged at P1,696,899, which include a salary loan with the Government Service Insurance System (P176,899), housing loan with the Home Develop¬ment Mutual Fund/Pag-IbigFund (P1.2 million) and a personal loan with a friend named David Ablott (P320,000).

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