Film rights raise Lacson net worth by P7M

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A payment of P7 million for the film rights to the movie about his life in exile three years ago has made Sen. Panfilo “Ping” Lacson’s net worth increase significantly.

A copy of his statement of assets, liabilities and net worth (SALN) given to reporters on Wednesday showed that Lacson’s net worth rose by 27 percent from P22.6 million in 2011, based on online reports, to P28.8 million last year.

But before officials of the Bureau of Internal Revenue raise their brows, the senator paid a total of P2.6 million in taxes in 2012.

The law has set April 30 as the annual deadline for the submission of SALNs by all civil servants.

The Civil Service Commission expects state officials and workers, including lawmakers, to report a higher net worth this year as a result of more stringent and specific filing requirements in their SALNs.

Corona impeachment

In a phone interview, CSC Chairman Francisco Duque III said the SALN reforms triggered by the impeachment of former Chief Justice Renato Corona would lead to more transparency in reporting a civil servant’s wealth.

Duque said requiring government workers to declare the acquisition cost of their assets would immediately lead to higher valuation of their wealth.

Previously, civil servants could opt to peg the value of their assets such as land at fair market and zonal values that were substantially lower than their actual prices, the CSC chief said.

In more detail

He said the new SALN also required government workers to file in more detail their assets instead of lumping them in one vague account.

“We learned a lot from the Corona impeachment and this is the first time we will apply them,” said Duque.

Corona was ousted largely because he failed to report his dollar and peso accounts and real estate properties.

Honest reporting

Akbayan Rep. Walden Bello said he expected a more honest reporting of a person’s fortune.

The new SALN form has explicit requirement for more detailed information, according to ACT Teachers Rep. Antonio Tinio.

“For example, the new SALN demands the disclosure of the net worth of spouse and dependent children, which by itself would generally result in higher declarations of net worth,” said Tinio.

Sen. Ralph Recto also believed that the net worth of government workers had increased but for a different reason. “I expect higher net worth because the economy has been growing. No more no less. At least for those who are in trade and business,” said Recto.

Sen. Serge Osmeña said it was hard to generalize. “I can’t tell. If lots of assets in stock market, yes.”

Dacer-Corbito murders

That Lacson had already sold the rights to the story of his life in exile did not come as a surprise to Senate insiders. The senator himself had been hinting about this during small talk with reporters.

Lacson, a former Philippine National Police chief, left the country in late 2009 to evade arrest after he was accused of involvement in the double murder of publicist Salvador “Bubby” Dacer and his driver Emmanuel Corbito in 2001.

(Among those charged with the double murder were personnel of the now defunct Presidential Anti-Organized Crime Task Force that Lacson headed during the short-lived Estrada presidency.)

Lacson returned in March 2011, saying he was a “fugitive of injustice” and blamed the Arroyo administration for his wrongful inclusion in the double murder charge sheet.

The senator, who is bowing out in June, said he had kept mum about his itineraries abroad so as not to jeopardize the safety of those who had helped him. This meant it took some time before Lacson was convinced to narrate his story for a film.

Up by more than P4M

Lacson said in a text message that his 2011 net worth was already “P23 million plus” and that his net worth from 2011 to 2012 increased only “by more than P4 million.”

He acknowledged that his net worth increased “mainly due to the P7-million payment for my film rights in 2012.”

Lacson’s SALN indicated that his total assets amounted to P41,458,617.46 with real property consisting of a “residential lot” in Silang, Cavite, (P160,000 acquisition cost in 1989 and current fair market value of P800,000).

The senator’s personal assets include cash on hand and in bank (P24,723,162.46); jewelry (P3.8 million); “furniture/antiques” (P1.4 million); “stocks/investments” (P9,125,455), a motor vehicle (P1.15 million) and assorted firearms (P1.1 million).

He listed his liabilities as the income tax he paid in 2012 at P2,601,970 and a P10-million loan.

Put together, the figures indicated that Lacson’s net worth for 2012 was P28,856,647.46, a more than P6-million increase from his 2011 net of P22.6 million.

The senator also indicated several “business interests and financial connections”—Golden Beret Security Agency in Sucat, Parañaque and Megastar Real Estate Corp.

Among the early SALN filers in the Senate were Lacson and fellow Senators Francis Escudero and Antonio Trillanes IV.

Senators Franklin Drilon, Francis Pangilinan, Koko Pimentel, Tito Sotto, Jinggoy Estrada and Osmeña confirmed to Inquirer that they had already filed their SALNs. No details were given.

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  • Jojo Griffin

    Dapat Title ng movie mo” Akala ko matapang ako,kaya nagtago muna ako”

    • wawa2172

      Nope ang dapat na title is “Ako aduwag atule, kaya ako atakbo at atago”. Lacson was never in exile but escape as a fugitive because of his involvement in Dacer-Corbito murder case. He found the new administration too friendly and PNoy embrace him as Kakampi kaya Kaibigan. He was cleared by the Court of Appeals because the prosecutors handling the case under de Lima presented weak evidences against him. It must be noted that de Lima have never won a case against the enemies of the state how much more to PNoy’s buddy. Lacson SALN is full of loopholes, his net worth of 22.8M is too small and I am sure that he is hiding a lot including his bank deposits in local and foreign banks. Nung natago siya sa ibang bansa, tiyak ang laki nang ginastos niya at siguradong sa mga hotel siya tumira. Lacson is a dangerous persona and he will attempt to grabbed the presidency at the expense of PNoy in 2016. May alas si Lacson kay PNoy kaya hawak niya ang itlog nang presidente.

      • divictes

        “…ang itlog..” Singular? he he he…

      • wawa2172

        ok got your point..mga itlog, I stand corrected.

      • frudo

        hahahah dami kong tawa sa inyo salamat!!

      • Nisky Ocsave

        And he murdered the witnesses….yep he is really a dangerous man.

  • Kamoteng Baging

    He was a fugitive of the law, not an exile. Regardless of the outcome, he fled the Philippines to escape facing his accuser.

  • hustlergalore

    ang mahal ng film rights ng buhay niyang walang kwenta.

    propaganda film ito, sigurado. LOL

  • regie

    ano kaya ang pwedeng ikaso sa mga tumulong kay sen. lacson nuong nasa abroad siya eh di ba 5 lang exceptions sa territoriality ng ating penal law…aboard phil ship or plane,counterfeiting our monies and security, bringing those counterfeit monies and security, violation of our laws in the performance of official government duties and crimes against national security and nations security. alin kaya dito.baka merong government official na tumulong kaya di maidivulge????

    • Rogers Nelson Uy

      sa bicol nagtago yang si lacson

    • Nisky Ocsave

      Obstruction of justice, aiding,
      abetting and giving comfort of a fugitive.

      • regie

        sir ang batas ng pilipinas ay territorial at walang kamandag yan sa abroad ayon sa art. 2. at base nga dun sa mga exception eh yang obstruction of justice na pd 1829 wala namang nakalagay na applicable yan sa abroad….what the law does not include, it excludes….or expressio unius est exclusio alterius…” express mention of one thing excludes others” especially sa mga penal laws kasi penal laws are construed strictly against the state and strictly (emphasis sa ” strictly) in favor of the accused…

  • Ramil Abalon

    I admire lacson for his frankness and bravery in facing people…

    • akoypinoi

      Huh? Bravery ba yong tumakas sa Pinas dahil wanted xa?

      • Ramil Abalon

        ha ha ha kahit ikaw naman kung ang labanan eh wala opportunity to win kahit may laban ka eh option mo na yun…

  • http://twitter.com/a_waks99 waks

    Lacson endorses Jamby Madrigal. Parehong matapang kontra katiwalian

    • penoy2012

      ang bading at ang t-bird

  • tolits63

    ANO NA RESULTA SA IMBESTIGASYON KAY CORONA??? WALA PA BA??

  • kilabot

    kasama ba sa movie ang
    operations nila against kuratong, bentain, and dacer/corbito?
    tsaka kanyang pagiging double-bladed sexual pervert?

  • penoy2012

    The title: “Pinky: Ang Paglaladlad”.

  • $14334231

    what kind of lies this story would be when in fact he was only in cagayan hiding under the umbrella of you know who…….flew to hongkong on a private plane unbeknownst to all but the coddlers and came back like he hid somewhere outside this country….lied about kuratong baleleng, lied about dacer-corbito, now lying about his escapade……si lolong sigurado maloloko niya, kaya lang, patay na…..his stories are all run around the mill……wala sanang manood para malugi ang producer na walang iba kundi si pinky rin…..’yong pitong milyones galing din sa bulsa n’ya…..saan s’ya kumuha nang ganung kalaking halaga????….think…..think…. think… aha!!!!….alam n’yo na ‘yon!!!!…..

    • expanding man

      bwahahaha…wag ka magalala…may pagasa pa bumalik si pandak…..hapi ka ulit….o diba?

      • $14334231

        say what????…..who????….happy, me???….my foot!!!!!….

  • UrHONOR

    >>>Film rights raise Lacson net worth by P7M<<<

    IT'S just like the remake of FACIFICA FALAYFAY! :)

  • buttones

    And
    what is the genre of this ‘epic’ this ‘blockbuster’ that some half baked
    producer wants to produce? Is it comedy? Is it tragedy, drama or animation? I
    do hope it’s not xxx… and who will star in this epic? Kris as Pinky? Actually
    that might work…it could work very well. Having said that I just got off the
    phone chatting to my best pal Brad, and I explained all what was going on and
    suggested he might want to play leading role and he said what might be the gross
    and I said about 500 million and he said ‘dollars?’ and I made the mistake of
    saying peso and he put the phone down. I mean what’s a girl to do? I’m here pursuing
    Bam Aquino’s path of being ‘entrepreneurial’ and I’m getting nowhere. And then I
    called up Arnold, and he said ‘Vot? And he explained to me there are not that
    many 6 foot four inch Filipino’s with an incomprehensible accent and I said well
    that might be true, and he put the phone down as well and then I called up
    Bruce and he said hello buttones and how are you and I said I am fine and I outlined
    the plot and he said will I have to wear a wig and I said well you might, the
    leading character is not actually bald and he put the phone down as well. Anyway,
    my indomitable spirit led me to Mumbai, Bollywood, I have the perfect casting, a
    call center guy with wonderful hair and teeth, speaks with a Tagalog accent. Not
    a problem, he’s a bit thick but I think he’s perfect…and I’m sure that when
    Pinky meets him sparks are sure to fly…

    • panhase

      Hahahaha…

    • expanding man

      kulang lang yan sa paligo dong….suka at patis lang okay ka na ulet…

      • buttones

        I have no idea what you said, or in fact what what you meant, try to get it together,for God’s sake!

  • Nisky Ocsave

    Lacson, the man that gets away with
    murder and yet he makes money out of it. That is adding insult, injury and
    misery to people that a waits for justice to do its course.

  • http://twitter.com/ZALZANZIBAR ALBERTO ZALAZAR

    Isang dating Parak na nasa Canada ay makakapag-kwento kung ano talaga ang tunay na nagyari sa KURATONG…sabi ng isang reliable source…!
    …ang Title ng MOVIE…..”…Si Darna Ilonga VS. Pinky Falayfay…”..?
    ha ha ha !….

  • UrHONOR

    PAKIKITA kaya sa pelikulang yan kung paano nila tinigok si Dacer?

  • Beguine

    And who will want to see the Ping Lacson goes underground movie?

    Is it going to be a kind of action comedy? With sneaked in insert shots of Miriam
    Santiago pointing a finger at the audience, shrieking, “Get Pinky!
    Get Pinky!”

  • jess ravalo

    In exile? Kailan be in exile si Senator Lacson?

  • ArmchairGeek

    May sequel na raw na kasunod. The Cesar Mancao in exile story.

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