JV Ejercito explains wealth hike in SALN

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Senator Joseph Victor “JV” Ejercito on Monday said that the increase in his wealth which was reflected in his latest Statement of Assets, Liabilities and Net worth (SALN) was due to late documentation of a lot donated to him and his wife three years ago.

Ejercito, who lost his reelection bid in the recent May 2019 midterm elections, made the statement after questions were raised on his SALN.

Ejercito said siblings donated the said property three years ago but it was only last year, 2018, that the property was transferred under his and his wife’s name, thus, it is a non-issue. Based on the copies of the SALN released by the Senate to media, Ejercito ranked 6th in the list of senators who are wealthy showing a ₱132.8-million in 2018, from ₱78.9-million in 2017.

 

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