VP Sara denies owning Jollibee franchise

MANILA, Philippines– Vice President Sara Duterte over the weekend rejected owning a Jollibee franchise or any other franchises.

In a declaration launched on October 17, Duterte insisted her financial investment is with a genuine enterprise owned and run by people with a recognized credibility for stability and great standing.

“A standard level of research study and due diligence must make this clear. Purchasing a business does not immediately correspond to owning the business itself, much less owning, handling or running its specific services or franchises,” the vice president stated.

“Accurate reporting needs accurate confirmation, an appropriate understanding of organization ownership, and adherence to the standard concepts of accountable journalism,” she included.

Duterte stated a company interest in GenCorp, a Davao-based business that apparently owned 5 Jollibee dining establishments in the city, in her declaration of properties, liabilities and net worth (SALN).

Throughout Duterte’s impeachment trial, monetary expert and legal representative Alex Cabrera affirmed that the Vice President and her hubby, legal representative Manases Carpio, might have built up as much as P1.5 billion in undeclared wealth from 2022 to 2025.

According to Cabrera, GenCorp owned 5 Jollibee outlets.

The company likewise apparently secured P35.9 million in federal government agreements after Duterte was chosen vice president.

Post VII, Section 13 of the Constitution restricts the President, Vice President, Cabinet members and their deputies or assistants from straight or indirectly taking part in any company or being economically thinking about any federal government agreement throughout their period. The arrangement likewise needs them to strictly prevent disputes of interest.