Gigi Reyes owns 10 properties worth P50 million

Indonesia Berita Berita

Gigi Reyes owns 10 properties worth P50 million
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In 2011, she had a net worth of P29.36 million, more than double her net worth in 2004, which is Reyes’ earliest SALN on record with the Civil Service Commission. More in Chay Hofileña's republished piece from 2013:

This story was first published on October 15, 2013. We are republishing it due to renewed public interest after the Supreme Court ordered on January 19, 2023, the release Gigi Reyes from detention after nine years.

By 2012, Reyes’ real estate property acquisitions, according to her latest SALN, totalled about P50.86 million. These covered 10 residential properties, including two houses in Matuod, Lian, Batangas, and the house and lot in La Vista. Of the 10 listed items under “real properties,” 4 are lots all located in Matuod, Lian, Batangas. The 10 listed real property assets are identical to her listing in 2011.

Reyes, along with Enrile who hails from Cagayan, has been charged with plunder by the justice department before the Office of the Ombudsman in connection with misused pork barrel funds. A Commission of Audit report covering the years 2007-2009 found that money from the Priority Development Assistance Program of lawmakers was funnelled by them and individuals to fake non-governmental organizations controlled by Janet Lim Napoles – in exchange for hefty commissions.

In 2012, the only vehicles she listed under her personal properties were a Toyota Fortuner acquired in 2007 for P1.3 million under the Cruz & Reyes Law Offices , a pre-owned Toyota Grandia acquired in 2008 for P700,000, and a pre-owned Toyota Altis bought in 2009 for P600,000. Senate sources, who had seen the vehicle in the Senate parking lot in the past, said she also used a Toyota Sequioa SUV, similar to what Enrile himself also used. This was not listed in her SALNs, however.

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