Duterte to Quit If Senator Proves $40 Million in Illegal Wealth

The President is also unperturbed by Trillanes' dare to resign, saying that he would resign immediately if Trillanes can prove his allegation that he amassed PHP2 billion illegally or if the bank account under his name has a total deposit at one time of even just half a billion.

Mr Trillanes also made the claim about secret bank accounts during last year's election campaign.

Philippine President Rodrigo Duterte said he's ready to resign if an opponent can prove allegations that he illegally amassed 2 billion pesos ($40 million).

Duterte denied the allegations of the Senator and branded it as "old" and "rehashed", Xinhua news agency reported.

Duterte has retained a high popularity rating in the Philippines despite repeated attacks at home and overseas that prompted him to suspend the police's involvement in a drugs war that has killed more than 3,000 people.

Abella challenged Trillanes to go to proper authorities "if he truly has something in mind" against President Duterte.

"But you know, like the President said, if Trillanes has evidence, he will resign".

Trillanes and Duterte's lawyer then went to a branch of the Bank of the Philippines Islands, where Duterte and his daughter allegedly had an undeclared deposit of more than $4m in a joint account. Unlike them, Duterte said what was left with Trillanes were just "hangin at yabang".

AvanceƱa also has her own legitimate source of earnings since 18 years ago when she ventured into businesses - a donut business and as meat supplier in five malls in the city.

Trillanes also alleged that President Duterte's campaign contributor Samuel "Sammy" Uy gave almost PHP120 million pesos to different members of the President's family from 2011 to 2013. "I will distribute it to the people", Sara said in a statement, using a mix of English and Filipino. The report claims that the city government spent more than 700 million pesos for the services of so-called ghost employees who didn't render services. "I mean this part of the noise of political landscape", Presidential Spokesman Ernesto Abella said in a media briefing. He said despite the allegations, 16 million people still voted for him and placed him in the office.

The President also told Trillanes "to stop opening his mouth when he has nothing to say".

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