Dissecting Mabilog’s wealth

I dissected the income tax records of Jed Patrick E. Mabilog and his wife, Victoria, which were attached to his verified answer to my administrative complaint filed before the Office of the President.
Aside from being a drug protector, I had charged Mabilog with grave misconduct and dishonesty for accumulating vast amounts of wealth without visible means of legitimate income to afford it.
My working knowledge of accounting might be a little bit rusty, but the basic principles are still strong in my mind, and it wasn’t hard to unmask the deception he employed to mislead the Office of the President in justifying his wealth.
The core principle in the law on corrupt public officials found to have amassed huge amounts of money and property is that it is unexplained, and presumed ill-gotten, if is “grossly disproportionate to the legitimate income” earned by them.
In short, if a public official earns only P500,000 a year from salaries and business, and he is able to acquire properties costing P2 million for the period, then the same is considered “unexplained” if he can’t show where he got the means to do it.
Under R.A. 1379, the government, through the Ombudsman, can then proceed to file forfeiture proceedings with a view to confiscating the unexplained wealth.
In his verified answer, Mabilog only submitted his income tax returns for the years 2007, 2009 and 2010. He didn’t submit ITR for the years 2011-2015.
But to abbreviate the discussion, let us focus on the year 2007, during which period Mabilog’s net worth leaped by P27,939,237.30 over the previous year. From P16,515,195 at the end of 2006, his net worth skyrocketed to P44,454,432.30.
P28 million is a huge amount of money.
Mabilog’s income tax return filed with the BIR showed the following:
Gross salaries: P275,104
Net Profit from business: P17,170
Total taxable income: P252,215.
Total income taxes paid: P50,683.00
In other words, Mabilog only had roughly P202,000 left for his day to day needs.
His wife, on the other hand, reported total taxable income of Canada $166,729.97 for 2007.
She paid federal, provincial and state taxes summarized as follows:
Provincial taxes: C$49,025.91
Federal taxes: C$35,709.23
Alberta state taxes: C$13,316.76
This would leave Marivic C$68,000 for her living expenses. Let’s assume she spends C$3,000 a month for the purpose. That’s a total of C$36,000 a year. How much is left? C$32,000.
Multiply that by the exchange rate of about P38 to a Canadian dollar, and we will get P1.2 million.
Even if we assume that Mabilog was able to survive on less than P20k a month, the extra money left for possible investments was P1.2 million.
So how in heaven can he justify an increase of P27,939,237 in his net worth?

About Manuel "Boy" Mejorada
Manuel "Boy" Mejorada is a journalist and social media activist. A former Iloilo provincial administrator, he is now waging a crusade against corruption and narco-politics.

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