Sen. Antonio Trillanes IV first alleged Duterte had unexplained wealth during the presidential campaign last year.
He told a news conference he was raising the issue again because Duterte has not yet revealed details of the more than USD 40 million he allegedly kept in bank accounts as a former city mayor.
Trillanes, one of Duterte's harshest critics and a navy officer once detained for a failed coup plot against a former president, said he would resign if Duterte can disprove the allegations.
"This is actually an old and rehashed issue," Duterte said in a statement, adding that Filipinos still voted him into power even after Trillanes made his allegations during the campaign.
Presidential spokesman Ernesto Abella said Duterte would not release those bank details "in response to grandstanding," but suggested the president may do so as part of a legal process.
The president's daughter, Mayor Inday Sara Duterte of Davao city, reacted to the allegations by saying if Trillanes could show where her alleged unexplained wealth "is right now and how it became illegal, let's get it and I'll give it to all of you."
In May, Trillanes released documents he said were handed to him by a concerned citizen purportedly showing 2.4 billion pesos (USD 48 million) flowed into Duterte's various bank accounts from 2006 to 2015, representing alleged unexplained wealth the mayor failed to declare as required by law.
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 200 million pesos (USD 4 million) in a joint account.
Duterte has projected himself as a politician who rose from poverty and still lives a modest life in a rundown house in Davao city, where he served as a longtime mayor. He has faced criticism for his brutal crackdown on illegal drugs that has left thousands of mostly poor suspected drug users dead.
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