Tuesday, May 9, 2017

BREAKING: Robredo admitted having shares in Meralco which is against the Constitution

May 10, 17| Wednesday

ROBREDO MISDECLARED HER ASSETS IN HER SALN. SHE DID NOT DECLARE VALUE OF MERALCO STOCKS THAT COULD BE WORTH AT LEAST 6.46 MILLION PESOS!

Leni Robredo admitted to Mike Enriquez during a radio interview on May 9 that she owned stocks at Meralco. She also admitted that such had a value of 95k pesos in 1995.

Robredo did not declare the value of these stocks, and while she declared owning stocks, the value of such is not listed in her SALN as an asset.

Now after doing some crowd-sourcing and math, here is what I found out.

I could not get the share prices of Meralco stocks in 1995. What I got thanks to Carlos A Jr Cortes is the value in 2000 which is 4 pesos per share.


Using this, and this is even conservative since the price in 1995 must have been lower than 4 pesos, then Robredo owned at least 23,750 shares of stocks (95k divided by 4).

The current share price of Meralco is 272 pesos per share. If we use this value, then Robredo has at least 6.46 milion pesos (at least 23,750 shares multiplied by 272 pesos per share) of assets which she failed to declare in her SALN.

Using the Corona precedent, this is an impeachable offense.

And this does not even include the fact that she did not divest from Meralco, in violation of Article VII, Section 13 of the 1987 Constitution.

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