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Sanchez, Garcia richest Cebu officials

First Posted 13:06:00 11/12/2008

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CEBU CITY, Philippines - Cebu Vice Governor Gregorio Sanchez is again the province's richest government official with a net worth of P99,210,647, up by P6 million from P93.27 million in 2006.

Closing following him as the second wealthiest provincial official is Governor Gwendolyn Garcia with a total net worth of P92,498,636.

The data comes from the Statement of Assets and Liabilities and Net Worth (SALN), filed every year with the Ombudsman.

Sanchez? total assets reached P154,572,608.60, while his liabilities amounted to P55,361.961.

Of his net worth, Sanchez has cash in the bank amounting to P17,830,338.50 and receivables worth P256,075.00.

His liabilities were acquired from personal loans (P20,656,694.13) account payables (P11,375,682.17) and others worth P23,206,521.20.

Sanchez owns companies like Lacto Bacillus Pafi Techno Resources and Blueocean Distribution.

He disclosed that two nieces and a nephew are working at the Cebu Provincial Capitol.

He is closely followed by Governor Garcia with a declared net worth of P92,498,636.

Her total assets are placed at P143,884,446, of which P51 million are liabilities accumulated from bank loans, Pag-Ibig and Government Services and Insurance System (GSIS) loans.

Garcia's assets include a Mitsubishi Pajero worth P1.48 million, two residences worth P83,783,900, jewelry worth P7,896,388, shares in total assets of the company GGC Enterprises of P8,875,631 and a share in total assets of the GGC Group worth P41,846,527.

Garcia is a shareholder of GGC Group and GGC Services, companies in Ormoc City, Leyte as well as a proprietor of GGC Enterprises also in Ormoc.

The governor has 16 relatives working in government offices, including her father and three brothers. They include her father, Cebu 2nd District Representative Pablo Garcia Sr., her brother GSIS manager Winston Garcia; Capitol consultant Byron Garcia and Cebu 3rd District Representative Pablo John Garcia Jr.

Garcia has five relatives working at the Cebu Provincial Capitol with others employed at local government offices and Regional Trial Courts in the province.

Meanwhile, Cebu Provincial Board Member Agnes Magpale was the highest net worth individual among the 12 board members. Her SALN was released on Tuesday with a net worth of slightly more than P42 million.
Magpale is president of the JDA Corp. in Danao City and president of Northeastern Cebu Colleges in Danao City.

She is followed by board members Peter John Calderon with close to P9 million, Victor Maambong with P4.5 million, Rose Marie Durano with P4 million, Teresita Celis with P3.8 million and Jose Gastardo with P3.4 million.

Other board members who submitted their SALNs include Wilfredo Caminero and Wenceslao Gakit with P3 million each, Joven Mondigo with P1.4 million, Caesar Zambo with P1.2 million and Julian Daan with P824,863.11.

Calderon declared he has 15 relatives working in a government office, while Daan has five. Durano and Mondigo have four relatives in government each, Zambo and Celis have three and Maambong, Magpale, and Gastardo have two kinfolk.
Caminero and Gakit have no relatives in government.

The Office of the Ombudsman in the Visayas was unable to obtain the SALN of board members Victoria Corminas and Juan Bolo.

The office said it was still sorting out SALNs of government officials in the region.

In Cebu City, several Cebu City councilors showed their SALNs to the local media after they filed them with the HR office on April 30. Cebu City Councilor Sylvan Jakosalem has a declared worth of P6.6 million with real properties and vehicles and no liabilities.

Councilor Roberto Cabarrubias has a net worth of P1 million with P50,000 in liabilities.

Councilor Edwin Jagmoc Sr. declared total assets of P668,000 with liabilities of P150,000.

SK Federation president Councilor Rengelle Pelayo said she failed to follow up on the release of her SALN by her office staff.

Other Cebu City councilors who have yet to submit their SALNs are Nestor Archival, Raul Alcoseba, and Rodrigo Abellanosa. /With a report from Correspondent Jully Venus Cuizon


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