Senator Alan Peter Cayetano. INQUIRER FILE PHOTO
Sen. Alan Peter Cayetano said: “If you divest a property worth P1 billion, that should be cash inflow. How come there’s no P1 billion in the Vice President’s SALN?”
“If there’s mock bidding, there’s also mock divestment.”
“Assuming for the sake of argument, Tiu is legitimate and took care of all the improvements, there should be a cash inflow of between P500 million and P2 billion in favor of the Binays.”
“No. 2, I don’t know if it’s appropriate, I want to invite a piggery owner. Some are surprised that one rakes in P44 million from piggery business, although it’s over the years, and the piggery is air-conditioned.”
“If the Binays earned P44 million, how much did they invest? They should have invested P200 million, because they’re not agents.”
“These are the questions I want to lay at the feet of the Vice President. And as you said, Mr. Chairman, they’re always welcome here.”
“It’s easy to accuse Mercado of being a liar. And given that he has presented many details, it’s easy to show one is lying. But if you’re telling the truth, then the burden is on the other side to come here and explain.”