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Mario Delgado Says 15-Million-Peso Apartment Undervaluation Was Data Entry Error

He issued a corrected patrimonial declaration after reports revealed he undervalued a multimillion-peso apartment

Overview

  • A Latinus investigation found Delgado listed a 165.81 m² unit at Magno Reforma 222 as costing 1.5 million pesos despite public registry valuing it at 15 million.
  • Registry data also show Delgado acquired a 4 million-peso mortgage on a 2015 apartment in August 2024 and repaid it within a month, actions experts flag as potential money-laundering red flags.
  • Combined analysis of transparency platform figures and property records indicates Delgado spent about 17 million pesos on real estate between 2023 and 2025, exceeding his declared salary and rental earnings.
  • In his statement, Delgado acknowledged the misstated value as a capture error, said he updated his 2025 asset declaration and denied hiding assets or engaging in illicit finance.
  • No official investigations have been launched following the media reports and Delgado’s correction, leaving the discrepancies under journalistic scrutiny but without legal resolution.