How much are the BGC Boys’ worth according to their SALNs?

GMA Integrated News Research has secured copies of statements of assets, liabilities, and net worth of former officials of the Department of Public Works and Highways First Engineering District in Bulacan.

Former district engineer Henry Alcantara, assistant district engineers Brice Hernandez and Jaypee Mendoza, and engineer Arjay Domasig – the so-called Bulacan Group of Contractors – have been linked to millions of pesos in kickbacks from ghost and substandard flood control projects.

According to Chino Gaston’s report on “24 Oras,” Alcantara’s SALN for 2019 showed that he declared a net worth of P6,415,000 for that year, with his assets worth P6.71 million. Alcantara first joined the DPWH in 1994.

In 2019 – the year that he was designated as officer-in-charge of the Bulacan 1st Engineering District – he had two vehicles worth P510,000, jewelries and appliances worth P1.1 million, and cash of up to P2.1 million.

In his 2020 SALN, his net worth grew to P9,510,000, mostly due to the increase in his jewelries now at P2.2 million and cash at P6.8 million. He still had the same two vehicles he had the year before.

Alcantara’s net worth in his 2021 SALN went up to P10.7 million. This further increased to P12.3 million in his 2022 SALN, and P13.6 million in his 2023 SALN.

By 2024, his declared net worth in his SALN was now P17.7 million – or a 175% jump from his 2019 net worth of P6,415,000.

Alcantara did not list any real properties or liabilities in his SALNs from 2019 to 2024.

Hernandez – who surrendered luxury cars to the Independent Commission for Infrastructure such as a Lamborghini Urus – declared a net worth of P8,196,500 in his 2019 SALN.

That year, he also reported having two lots worth P1.896 million under his real estate assets, as well as two cars worth P2.8 million under his personal properties. His SALN did not detail what these vehicles were. His 2019 SALN also listed a business that he was affiliated with.

In his 2020 SALN, Hernandez’s net worth climbed up to P11.696 million. The value of his real estate properties remained the same although he included a house and lot that was donated to him, hence it had no acquisition value. In his 2023 SALN, he declared that he inherited this house and lot.

In 2021, Hernandez declared a net worth of P14,196,500 in his SALN for that year. This went up to P20,196.500 in his 2022 SALN, which also recorded a considerable rise in the value of his vehicles now at P10.8 million

In his 2023 SALN, Hernandez reported his SALN to be at P28,696,500. His SALN also listed three businesses, an inherited agricultural lot, as well as vehicles worth P15.8 million.

However, his 2024 SALN also listed a P20 million loan for business and a P1 million car loan, which dragged down his net worth to P8,696,500.

On the other hand, Mendoza’s net worth in 2019 started out at P10,291,000 according to his SALN for that year. He listed real estate properties including a house and lot, all worth P5.4 million, as well as a sports utility vehicle.

In 2020, his net worth remained unchanged at P10,291,000.

The following year, his net worth went up to P11,131,000 in his 2021 SALN and further up to P20,182,000 in his 2022 SALN.

His SALN that year listed real estate assets, including inherited lots, worth P1.8 million, and vehicles worth P9 million.

In 2023, Mendoza’s net worth reached P32,326,000, with his real estate properties including an inherited lot worth P12 million.

In 2024, Mendoza declared his net worth to be P33,614,000 – a 226% increase from his 2019 declared net worth of P10,291,000.

Meanwhile, Domasig’s SALN also showed a slow rise in his net worth: from P11.58 million in 2022. P12.29 million in 2023, and P16.19 million in 2023, which may have been due to an inherited lot that he listed for P5 million. — JMA, GMA Integrated News