Davide’s assets rise P3.3M 6 mos. after start of term

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Wednesday, April 30, 2014

CEBU Gov. Hilario Davide III declared an additional P3.34 million in assets between the time he assumed office on June 30, 2013 and the end of his first six months at the Capitol.

The increase came from his wife Jobella’s business account, which was not declared in Davide’s June 30 statement of assets, liabilities and net worth (SALN), but listed in his SALN as of Dec. 31, 2013.

On paper, the governor’s net worth also increased by P3.57 million in 2013.


His wife is listed as owner of Recovery Management Services, a business based in Cebu City.

One of the governor’s consultants, who asked not to be named, said that Mrs. Davide’s business bank account was included as a transparency measure, after one high-ranking government official was accused of trying to conceal his wealth in his spouse’s account.

Last June 30, 2013, after winning the gubernatorial race, Davide declared P7.95 million in real properties; P8.1 million in vehicles, bank deposits, appliances and books; and P4.7 million in housing, car and credit card loans.

At the end of 2013, the governor’s SALN listed the same amount of real properties, but P11.45 million in personal properties; this time, he included Jobella’s business account of P3.92 million.

Under business interests and financial connections, the governor also declared his wife’s family’s corporation based in Tagbilaran City, Bohol, the ZL Angan Development Inc.

The Davides listed seven relatives in government service, including the governor’s sister Noreen Davide-Salas, an executive assistant at the office of Court of Appeals Justice Japar Dimaampao, and Chief Supt. Josephus Angan, the governor’s brother-in-law and current regional director of the Philippine National Police in Region 6.

Only 389 out of 939 of Capitol’s elected and regular employees, including those assigned in district hospitals, filed their SALN as of April 29, said Ethel Natera, head of the Capitol’s public information office.

An annual requirement due every April 30, the SALN is supposed to guard against illegally amassed wealth among public officials and employees. It can be used to start lifestyle checks and played a crucial role in the impeachment of former Supreme Court Chief Justice Renato Corona.

Published in the Sun.Star Cebu newspaper on May 01, 2014.

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