Photo by Wendell Alinea/Senate Social Media Unit
Manuel Mogato | October 7, 2026
MANILA — Vice President Sara Duterte and her lawyer husband have kept millions of pesos in at least eight local banks that she failed to disclose in her annual statements of assets, liabilities, and net worth (SALN) from 2022 to 2025.
At the same time, the couple took out 11 insurance policies worth millions of pesos in at least eight insurance companies, the prosecution panel told the Senate impeachment court.
The insurance premiums were also not reported in her annual SALN. (Also read: Vice President fails to disclose property ownership in statements of assets, liabilities, and net worth)
Senator-judge Risa Hontiveros also pointed out that the vice president reported only 13.3 million pesos in the 2022 SALN, but the ending balance in several accounts in at least two banks, Philippine National Bank (PNB) and Banco de Oro (BDO), for 2022 totalled more than 40 million pesos.
During Wednesday’s marathon impeachment trial, an official from Security Bank took the witness stand and told the court the vice president’s husband, Manases Carpio, closed two accounts in July 2026, the same month Sara Duterte’s trial started.
Leslie Cham told the court Carpio’s food company, Cale88, had two peso-denominated current accounts, opened in 2024, but closed in July 2026. (Also read: Anti-Money Laundering Council flags Vice President’s bank transactions)
“Both closed in July 2026,” Cham said, adding the two accounts had ending balances of 16,987.59 pesos and 21,164.27 pesos in 2025.
The senator-judges were puzzled why Cale88’s accounts had small balances when more than 1.2 billion pesos went into the food companies’ remittances from foreign companies. Several China-based companies from the mainland and Hong Kong also remitted 319 million pesos, which the local banks flagged as covered and suspicious transactions.
Senator-judge Francis Pangilinan asked the clerk of court to produce Cale88’s monthly transactions to determine how much money went in and out of the two accounts.
Further inquiry by Senator-Judge Raffy Tulfo, Cham confirmed that Calle88’s first account had total incoming and outgoing funds of P40,138,766.28 and P40,001,101.79, respectively
The court also learned that some of the dollar-denominated insurance premiums were surrendered at a loss.
Prosecutors said the bank and insurance executives’ testimonies confirmed millions of pesos in their accounts and premiums, but these assets were not disclosed in the vice president’s SALN since 2022. (Also read: Vice President received cash, chocolates, and cars as gifts)