- Retired general tagged by Duterte as drug lord coddler reported a P44M net worth in 2015
- The bulk of his assets came from real property including a high-end house and two condos
- He also placed three business interests which were under his wife’s name
MANILA, Philippines – Marcelo Garbo, the retired PNP general tagged by President Rodrigo Duterte as one of the five police officials as an alleged protector of drug lords, is worth P44 million.
In a report by GMA News, Garbo declared his total net worth to be P44.67 million in his 2015 Statement of Assets, Liabilities, and Net Worth (SALN).
Garbo listed his total assets as P53.68 million against liabilities worth P9.01 million.
According to his SALN, the bulk of Garbo’s assets came from real properties in Metro Manila worth P26.50 million. The properties included a P15 million house inside a high-end village and two condominium units worth P1.34 million and P1.99 million respectively.
Outside of Metro Manila, Garbo listed three residential lots collectively worth P8.165 million.
As for vehicles, Garbo declared two vehicles — a Toyota Previa and Camry — collectively worth P4.14 million.
In his 2005-2013 SALN, however, Garbo listed ten vehicles of different brands and make under his name.
The retired official also declared savings worth P15.25 million — a monumental increase from P2.29 million in savings he listed in his 2014 SALN.
As for business interests, Garbo declared a local placement agency, security agency and a law firm under his lawyer wife Rosalinda’s name in his SALN. These three businesses were collectively worth millions.
Garbo, a former Deputy Director General, has denied the president’s accusations and said Duterte must have been fed the wrong information.
“I believe the president was fed with wrong and poisoned information regarding the matter,” he said.
Garbo also indicated his willingness to meet Duterte face-to-face so he could clear his name.