Senator Francis “Chiz” Escudero has expressed serious concerns about Vice President Sara Duterte's receipt of ₱2.1 million from GenCorp Industries. This revelation was made during Senate impeachment hearings on November 11, 2026.
Scrutiny Over Financial Transactions
This is quite a serious allegation... Why would she be receiving monies from a corporation that she has no interest in?
Francis “Chiz” Escudero, Senator
Escudero highlighted that VP Duterte's name was absent from the general information sheets of associated corporations, questioning her financial involvement with GenCorp.
Defense witness Atty. Suzette Balucanag-Punay indicated that the funds originated from Duterte’s initial ₱46,000 investment in 2007, which was linked to a Jollibee branch at Times Square Place in Davao.
Escudero challenged the legitimacy of the transactions, noting that the franchise's operational details appear murky.
Complex Corporate Ties
The senator pointed out that while VP Duterte reported her ties to these corporations in her statements of assets, liabilities, and net worth (SALN), her absence in the official corporate records raises questions about transparency and accountability.
GenCorp has been awarded 19 food service contracts from the local government between 2022 and 2025, which Escudero argued complicates the matter further. He emphasized that the contracts were awarded to GenCorp rather than the specific Jollibee branch.
Escudero’s inquiries reflect a growing scrutiny of public officials and their financial dealings, particularly regarding potential conflicts of interest that could undermine public trust in governance.