FACT: Sara Duterte moves P193 million in one day despite P88.5-M Networth

Leean Alejo

A Facebook post appeared to compare Duterte’s 2007-2024 net worth with her bank movements in one day, based on the Anti-Money Laundering Council (AMLC)

CLAIM: The Facebook post claims that Duterte’s 2007-2024 net worth stood at P88.5 million while in 2014 she transferred P193 million in just a day. 

RATING: FACT

CONCLUSION: The AMLC’s Executive Director Ronel Buenaventura confirmed Duterte’s one day transaction of P193 million during the resumption of the impeachment trial.

THE FACTS:

The AMLC’s Executive Director Ronel Buenaventura was asked during the resumption of the impeachment trial regarding the AMLC’s reports on the matter and confirmed records of Duterte’s account. This includes the following:

• On March 28, 2014, several transactions were made in the same day that totaled to an amount of P193,705.615.88.
• The account was revealed to be a joint account between Vice President Sara Duterte and her father, former President Rodrigo Duterte.
• The AMLC confirmed 18 financial transactions made by Duterte.
• In addition to these bank transfers, Buenaventura also reported suspicious transactions made by Duterte and her relatives that amounted to P6.7 billion.

THE BOTTOMLINE:

Sara Duterte’s bank records have been revealed to the public during an impeachment trial. As the post on Facebook claims that in 2014 Duterte transferred P193 million in one day, Anti-Money Laundering Council (AMLC) Executive Director Ronel Buenavetura confirms this during the resumption of the impeachment trial.