Moreno admits to keeping P50 million in excess campaign funds in 2016Presidential aspirant Manila Mayor Francisco Isko Domagoso delivered a message to the supporters during the visit at Quezon City Memorial circle on October 29, 2021. MANILA, Philippines — Manila City Mayor Isko Moreno admitted to keeping some P50.8 million in leftover campaign funds from his failed Senate run in 2016, asserting that there should be no problem since these were campaign contributions from various donors. "I had to pay taxes since there was leftover from the campaign because that was pooled money from different people. In 2007, his Statement of Assets, Liabilities, and Net Worth or SALN reflected a net worth of some P7.5 million. This means that it is possible for candidates to pocket the millions in leftover funds without violating election or tax laws.

Source: Philippine Star January 24, 2022 05:50 UTC