Sesaldo richest VM in Cebu

Vice Mayor Allan Sesaldo of Argao is the richest among the municipal vice mayors in Cebu based on the available Statement of Assets, Liabilities and Net Worth (SALN) released by the Office of the Ombudsman-Visayas.

He has a net worth of P53.5 million as of December 31, 2017. Net worth or actual wealth is computed based on the value of total assets (the real properties plus personal properties) minus the total liabilities. His wife, Marmi, works as a medical technician at Cebu Doctors’ Hospital.

Sesaldo declared P68,792,000 in total assets and P15.3 million in liabilities. The second richest vice mayor is Robert John Selma of Minglanilla with P19.3 million net worth. His assets amounting to P21,845,000 include lots and apartments in Cebu City and Talisay City, vehicles, jewelry, appliances, gadgets, and cash in bank. He declared P2.5 million in liabilities.

Selma have two relatives in government-First District Rep. Gerald Anthony Gullas and Talisay City Mayor Eduardo Gullas.

Balamban Vice Mayor Rosario Binghay, wife of Provincial Board Member Alex Binghay, is at third spot with P11.2 million net worth. She has P15.4 million in total assets with P4.2 million in total liabilities.

Among her business interests are Ace Ports Services Inc., Hilton Resort Inc., Club Enterprise, Bivel Enterprise, and Bivel Property Management Corp. Also in the circle of millionaires is Bantayan Vice Mayor Antonio Montemar with P10.3 million net worth. He has P15.8 million in total assets and P5.4 million in total liabilities.

Pinamungajan Vice Mayor Maria Honeylette Lingad is fifth on the list with P9.9 million net worth. She is followed by Consolacion Vice Mayor Aurelio Damole with P5.2 million net worth. Pilar Vice Mayor Grace Japlit is next with P3.7 million net worth. Compostela Vice Mayor Josephine Abing has P3.5 million; San Fernando Vice Mayor Fralz Sabalones, brother of self-confessed drug lord Franz Sabalones, declared a total net worth of P1.9 million. Completing the top 10 are Catmon Vice Mayor Iris Gestopa with P1.5 million; Tudela Vice Mayor Greman Solante with P580,400; Alcantara Vice Mayor Fritz Lastimoso with P510,000, and Carmen Vice Mayor Manuel Mari Durano with P283,470 net worth.

All government officials and employees are required under the law to submit their SALN every year.

SALN is a declaration under oath of assets (real and personal properties), liabilities (loans), and business interests and financial connections, of a government official or employee, of the spouse, and of unmarried children below 18 years old living with their parents. —