Financial analyst tells impeach court: Sara Duterte has P817M in undisclosed wealth

WITNESS. CPA lawyer Alexander Cabrera takes the witness stand in Vice President Sara Duterte's trial on October 9, 2026.

Senate screenshot

The amount includes undeclared cash, properties, and income of the Vice President, her spouse Mans Carpio, and their companies

MANILA, Philippines – A financial forensic analyst called as a witness by the prosecution told the impeachment court on Friday, October 9, that Vice President Sara Duterte’s undeclared wealth tops P800 million.

Alexander Cabrera, a certified public accountant and a lawyer who is chairman emeritus of PwC Philippines, said that based on his review of voluminous financial records of the Vice President and her husband, Mans Carpio, the couple has around P817 million in undisclosed assets and income from 2022 to 2025.

The amount covers their undisclosed personal cash based on discrepancies between their audited financial statements and declarations in the Vice President’s Statement of Assets, Liabilities, and Net Worth (SALN), undeclared other personal and real properties, and undeclared income of their companies Cale88, Metro Chow, and Gencorp based on the mismatch between income tax returns and bank inflows.

Cabrera explained that Carpio’s financial records were included in the analysis because they have “absolute community of property” as a married couple.

“We used a conservative method. There’s no duplication in count,” Cabrera added.

The forensic report he produced also flags other behaviors in Duterte’s financial records, which he found suspicious, such as:

• single, large credit card purchases, such as P205,007.29 for Ginza Inakaya and P111,109.24 for Don Quijote in Japan;
• 17 insurance policies not declared by the Vice President in her SALN;
• and a variation of check kiting (Cabrera calls it “nagtitinikling ang pera“), where funds move in and out of an account through manager’s checks so the amounts won’t be included in year-end reports

Cabrera will be cross-examined by the defense on Monday, October 12.

He is already the last witness of the prosecution panel, which has decided to drop the bribery case against the Vice President. – Rappler.com