Net worth of Ombudsman Morales up by over P17 M

Published May 21, 2018, 4:30 PM

by Francine Ciasico

By Czarina Nicole Ong

The 2017 Statements of Assets, Liabilities, and Net Worth (SALN) of Ombudsman Conchita Carpio Morales indicated a hike in her net worth with over P17.78 million since she assumed her post in 2011.

MB FILE—Ombudsman Conchita Carpio-Morales
Ombudsman Conchita Carpio-Morales (MANILA BULLETIN FILE PHOTO)

The outgoing Ombudsman declared a net worth of P58,527,347.84 million as of December 31, 2017, which is P4.4 million higher compared to her 2016 net worth of P54.13 million.

When she first started as Ombudsman, her declared net worth was P40.749 million.

The biggest change from her latest SALN is in her personal properties, which is up by P9.936 million within seven years. She indicated two vehicles – a car acquired in 2003 worth P390,000 and a van bought in 2011 worth P132,850.

Meanwhile, her jewelry, books, furniture, antiques and silveries, acquired from 1972 to now, are worth P3,300,000 while her cash on hand and cash investments including retirement benefits from the Supreme Court Savings and Loan Association (SCSLA) and other cooperatives are worth P35,028,210.84.

Her real properties include two residential lots in Muntinlupa City and a memorial lot in Paranaque City totalling to P1,201,500.

On the other hand, her only liability is worth P88,000, which is a personal item from Rustan’s Department Store.

She also disclosed that she has three relatives working in the government – her son Eugenio Morales III is a Legal Examiner from the Register of Deeds, Muntinlupa City, her brother Emmanuel Carpio is the Presiding Judge of Branch 16 RTC of Davao City. Her nephew Waldo Carpio is an Assistant Secretary of the Department of Agriculture (DA).

 
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