
Originally Posted by
Faeries
Try RA 6713 Sec. 8 and Sec.11 and RA 3019 Sec. 7 and Sec. 8. Non-disclosure means a presumption arises that such asset is illegally acquired, shifting the burden of evidence.
The law did not make any exception or any differentiation when it said money, cash on hand, stock or investment. It said:
(a) real property, its improvements, acquisition costs, assessed value and current fair market value;
(b) personal property and acquisition cost;
(c) all other assets such as investments, cash on hand or in banks, stocks, bonds, and the like; (wala gi differentiate kung dollar, peso or euro)
(d) liabilities, and;
(e) all business interests and financial connections.