Jul 11, 2017 @ 13:17

Is the election protest taking a toll on former senator Ferdinand “Bongbong” Marcos’ funds?

Marcos’ lawyer, George Garcia, advised GMA News Online Tuesday (July 11) that the previous senator had to promote his condominium unit to elevate the P30-million deposit required of him by the Supreme Court, sitting because the Presidential Electoral Tribunal (PET).

The P30 million is the second installment of the P66.02-million protest payment required by the PET for his ballot protest in opposition to Vice President Leni Robredo.

“[F]rom what I know, the former senator even had to sell his condominium unit,” Garcia mentioned. “I don’t have enough details about the sale. He only mentioned it to me yesterday.”

Garcia confirmed they’ve deposited P30 million within the type of two supervisor’s checks to the SC’s Cash Collection and Disbursement Division on Monday (July 10).

Marcos paid the preliminary deposit of P36.02 million on April 17.

Aside from promoting his condominium unit, Garcia mentioned his shopper was ready to elevate the second installment of the deposit to PET with the assistance of pals.

The deposit can be used for the retrieval of contested poll bins and election paperwork from the39,221 clustered precincts the place Marcos is questioning the outcomes of the vice presidential race.

The PET has additionally required Robredo to pay P7.four million for the second installment of her counter protest in opposition to Marcos. She paid the an preliminary deposit of P8 million on May 2.

Based on his 2014 Statement of Assets, Liabilities and Net Worth, Marcos had a web value of P200.6 million.

Meanwhile, Robredo’s web value stood at P8.9 million as of December 2016 primarily based on her SALN.

Source: politics.com.ph