OUTGOING Cebu City Vice Mayor Joy Augustus Young replaced his Hyundai Starex van with a Nissan Urvan, reducing his net worth by over P200,000.
Still he remained the fourth richest Cebu City official at P9.3 million.
His successor, Councilor Edgardo Labella edged him out by declaring P10.9 million in net worth.
In his statement of assets, liabilities and net worth (SALN), Young declared as his assets, a house and several lots in the cities of Cebu, Lapu Lapu and Talisay worth P6.5 million and four vehicles worth P2.8 million.
He also declared two businesses which he owns; the JY Realty, a real estate business which he worked on since 1983 and the Sagrada Pamilya, his livestock business since 2008. Young did not declare any liability.
Outgoing Cebu City south district Councilor Rodrigo Abellanosa is the city’s richest official with a net worth of P73.1 million followed by outgoing Councilor Raul Alcoseba with P38.5 million.
Councilor Richie Osmeña declared a net worth of P1.4 million or P0.4 million more than his 2011 net worth of P1 million.
Earning P45,505 per month as a councilor Osmeña declared as his business since 1997 Remar Realty Corp. which holds office in barangay Guadalupe in Cebu City.
He declared as his personal properties shares of stocks worth P180, 000; furnitures and appliances at P250,000, jewelry and other personal belongings at P180,000; three motorcycles worth P400,000 and a vehicle worth P400,000.
While his net worth went up, Osmeña declared in his 2012 SALN a GSIS loan worth P44,575.61.
He didn’t mention of any liabilities in his 2011 SALN.
Councilor Osmeña is the nephew of outgoing south district Rep. Tomas Osmeña and Councilor Margot Osmena and a cousin of outgoing north district Rep. Rachel del Mar.
Businessman and whistleblower Crisologo Saavedra yesterday urged the Ombudsman-Visayas to monitor the wealth of government officials to prevent corruption.
He said the accountability of public officials doesn’t end with the submission of their SALN.
Saavedra said the Ombudsman-Visayas should not depend on complaints filed by concerned citizens.
“We should evaluate the situation. If there is no money in politicis, they won’t be there at all,” he said. Chief of Reporters Doris C. Bongcac and Reporter Ador Vincent Mayol