Home > gloria macapagal arroyo, Kahindik-hindik > mikey arroyo changes story on unexplained wealth – was not wedding gifts and campaign contributions that made him rich, his rich wife did. admits he looked stupid in interview.

mikey arroyo changes story on unexplained wealth – was not wedding gifts and campaign contributions that made him rich, his rich wife did. admits he looked stupid in interview.

with this new revelations, we think mikey arroyo hired a new lawyer and hired a PR agency to save his pride, dignity  and skin from the disastrous tv interview he had with winnie monsod.mikey arroyo admits he looked stupid in interview

he now says what he said on tv was not true – he just got confused, in fact he admits he looked stupid in the interview because of the skills of winnie monsod as an interviewer.

we are supposed to believe that what he said in the interview – huge sums of money as wedding gifts and huge sums of campaign contribution contributed to his wealth were not true. that all of a sudden like magic there are documents that were submitted that shows it’s the wealth of his wife that made him rich. interesting that he forgot about the documents. very convenient.

contrary to what he almost said during the interview that his lawyers made a mistake in filing the documents, it appears now they did the right thing after all.

i like the title  of the PDI article – it speaks volumes. that is how he explained his unexplained wealth.

we don’t know if mikey was able to save his own skin  with these new revelations, it being on the legal side. we are sure though he was unable to save his pride and dignity.  


Rich wife fattened my net worth

September 08, 2009 20:38:00
Gil C. Cabacungan Jr.
Philippine Daily Inquirer

 MANILA, Philippines—The embattled elder son of President Macapagal-Arroyo produced new documents on Tuesday showing that his personal fortune zoomed in 2002 after he married a scion of an old-rich family.

Pampanga Representative Juan Miguel “Mikey” Arroyo produced a supplemental Statement of Assets, Liabilities and Net Worth (SALN) that his lawyers supposedly filed in his behalf in August 2003, more than a year after his wedding to Angela Montenegro, to dispel allegations he had enriched himself in office.

Arroyo said he made a mistake when he attributed the spike in his wealth to the wedding presents and campaign contributions he received when he ran for Congress in 2004, after it was shown that his campaign fund declarations with the Commission on Elections did not list any significant donations.

“I feel there has been a lot of misunderstanding about the statements I made during my appearance on GMA 7’s Unang Hirit… due to my inability to cope with the rapid-fire questioning of (economist Winnie) Monsod. I respect her, and though her questioning made me look bad or stupid, I guess very few people can actually really stand up to questioning on live TV before millions of people,’’ Arroyo said in an interview over dzRH radio.

His continuing to grant media interviews showed he was sincere about addressing the concerns about his SALN declarations, Arroyo said.

In an interview with the Inquirer, Arroyo said his wife was the richer one but he quickly added in jest, “I’m not a gold digger.’’

He said he submitted a supplemental SALN on August 27, 2003, after his 2002 SALN was deemed inadequate because it did not include the assets of his wife, whom he married in June 2002.

The supplemental SALN showed that his assets grew to P68.73 million in 2002 from P5.7 million in 2001 (his first SALN as vice governor of Pampanga) due mainly to his wife’s holdings. She was listed as a director-shareholder of five companies owned by her family.

read in full here: http://politics.inquirer.net/view.php?db=1&article=20090908-224256

  1. nicolas manuel
    September 9, 2009 at 8:28 pm

    what a tragedy. and what a shame.

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