How much are the alleged narco generals worth?

Retired Chief Superintendent Vicente Loot and former Deputy Director General Marcelo Garbo are the wealthiest among the five star-rank police officials that President Rodrigo Duterte said were involved in the illegal drug trade in the country.

All five have denied Duterte's charges.

Loot is the richest among the five, based on their latest filings. His declared net worth in 2014 was P70,285,000. Most of his wealth lies in real property, which include several townhouse units, houses and lots, agricultural lots, and even “beach lots/buildings” with a swimming pool.

Loot's wife, Maria Luisa has told GMA News that her hard-earned money came from the businesses that she had been running since she was 22.

Garbo is the next richest, with a net worth of P44,669,917.45 in 2015. His wealth is evenly split between real property and personal assets: the biggest items in his SALN are a P15-million house and lot acquired in 2013 and P15,248,356.13 in savings.

Former Western Visayas Regional Director Bernardo Diaz reported a net worth of P14,807,131 in 2015. His wealth largely consisted of deposits and dividends.

Former NCRPO Director Joel Pagdilao’s net worth in 2015 was P5,029,000. Cash on hand and in banks accounted for nearly half of his total assets.

Ranking last is former Quezon City Police District Director Edgardo Tinio, whose net worth in 2015 was P4,022,904. His most expensive possession was a P1.67 million motor vehicle of unspecified make and model, acquired in 2011. He also declared P1.3 million worth of shares of stock acquired in 2008.

Four of the generals reported an increase in net worth over the years.

Garbo’s wealth doubled over a span of a decade; he declared a net worth of P22,621,958 back when he was still a senior superintendent in 2005.

Pagdilao’s net worth in 2015 was 62 percent higher than his net worth in 2010, when he was a superintendent holding office at Camp Crame. He declared a net worth of P3,096,000 that year.

Diaz’s most recent net worth is 24 percent higher compared to his 2011 declaration. He was then the police attaché assigned to the Philippine Embassy in Kuala Lumpur, Malaysia, with a net worth of P11,906,925.

Tinio, who was once detailed at Camp Olivas in San Fernando, Pampanga, reported a net worth of P1,752,934.50 in 2009. A senior superintendent back then, his wealth increased by 131%.

Only Loot reported a decline in wealth in recent years. The SALN he filed jointly with his wife, then Daanbantayan, Cebu Mayor Ma. Luisa Loot, in 2012 reflected a net worth of P88,217,703.

Diaz is the only one among the five generals who did not declare any business interest.

Garbo and Pagdilao both declared security agencies. Pagdilao also declared a placement agency and a law office.

Tinio declared business interests in retailing and hauling services.
Loot declared his wife’s businesses which include a real estate company, a restaurant, a cockpit operation, and a lending and financing company.

The pay schedule from the PNP Directorate for Personnel and Records Management shows that a police official with the rank of deputy director general—Garbo’s rank before he retired this March—gets a monthly base pay of P59,210.  This amount excludes allowances, longevity pay, and other additional compensation.

On the other hand, the base pay of a police director—Pagdilao’s rank—is equivalent to P50,763 per month.

A chief superintendent earns a base pay of P47,002 a month. Tinio and Diaz, who are still in active service, currently hold this rank. Loot was a chief superintendent, too, although he has since retired from the service and is now the mayor of Daanbantayan, Cebu. —with a report from Mary Ann Señir/NB, GMA News