Corona had P19.7M by end-2010: bank records
Corona's SALN (end-2010): P3.5M cash/investments
MANILA, Philippines (2nd UPDATE) - Chief Justice Renato Corona had a total bank balance of P19,728,555.39 from 2 bank accounts in Philippine Savings Bank (PSBank) as of end-December 2010, records from the bank showed Wednesday.
| Corona PSBank Accounts |
2007 | 2008 | 2009 | 2010 |
| 089-121011957 | 5,018,255.2 | 0 | 0 | 0 |
| 089-121021681 | 0 | 0 | 0 | 7,148,238.83 |
| 089-121020122 | 0 | 0 | 0 | 0 |
| 089-121019593 | 0 | 0 | 8,500,000 | 12,580,316.56 |
| 089-121017358 | 0 | 0 | 0 | 0 |
| Total Bank Balances |
5,018,255.26 | 0 | 8,500,000 | 19,728,555.39 |
| Cash and Investments in SALN |
2,500,000 | 2,500,000 | 2,500,000 | 3,500,000 |
The bank balance is much higher than the P3.5 million cash and investments he declared in his statement of assets, liabilities and networth (SALN) for 2010.
During Wednesday's hearing, PSBank president Pascual Garcia brought certifications of 5 of Corona's accounts.
According to the bank records, Corona had a total bank balance of P5,018,255.26 for one account (089-121011957) as of December 31, 2007.
This is higher than the P2.5 million cash and investments he declared in his SALN for that year.
Corona later closed the account in 2008.
A second bank account (089-121020122) was opened in 2009 but had zero balance by the end of that year and in the following year.
A third account (089-121019593) was opened in 2009 and had a balance of P8.5 million by December 31, 2009.
The balance is also higher than the P2.5 million cash and investments Corona declared in his SALN for that year.
The bank balance for the same account then rose to P12,580,316.56 by December 31, 2010.
A fourth bank account with account number 089-121021681 had a balance of P7,148,238.83 by December 31, 2010. The account was opened only that year.
The total of the bank balances for the 2 accounts is P19,728,555.39.
This is higher than the P3.5 million cash and investments Corona declared in his SALN for end-2010.
The fifth account (089-121017358) was opened in December 2009 but was closed the same month before December 31 of the same year.
All the figures were presented by Garcia during the prosecution’s direct examination. The defense has yet to cross-examine the witness.
The figures do not include the balances of Corona's dollar deposits in the bank. Garcia said he did not bring records of Corona's dollar accounts since it will violate Republic Act 6426 or the Foreign Currency Deposit Act of the Philippines.
During the hearing, Senate President and presiding officer Juan Ponce Enrile allowed Garcia to present Corona's bank records in the absence of a temporary restraining order (TRO) from the Supreme Court.
PSBank had previously asked the Court to issue a TRO against the Senate impeachment court from implementing the subpoena for Corona's bank accounts.
The Senate majority also junked a motion for reconsideration on the impeachment body's decision to subpoena Corona's bank records.
Corona, through his defense team, has asked the Supreme Court to stop the impeachment proceedings at the Senate, saying the latter is being forced to rule on a faulty complaint.
'Pattern of inaccuracies'
Prosecution spokesman Marikina Rep. Romero "Miro" Quimbo said alleged discrepancies in Corona's SALN and the amounts in his bank accounts show another pattern of inaccuracies.
"It's clear now, he concealed P16 million just in the year 2010, just with 2 accounts. What more for the other bank accounts that remain hidden somewhere?" he asked.
He noted that neither PSBank nor Corona have denied that the accounts are in Corona’s name.
He also said Corona’s petition invoking the protection of the foreign currency deposits act (FCDA) is already a direct admission of ownership.
Quimbo advised PSBank that they cannot be held liable for possible violations if they testify since they are covered by a lawful order of the court.
Rep. Juan Edgardo “Sonny” Angara, another spokesman for the prosecution team, said more information will come out once the Bank of the Philippine Islands (BPI) account is opened. The BPI account of Corona was used to pay off the purchase of the Taguig properties.
Tañada added that if the Senate doesn’t take a stand on the FCDA, then what all government officials will do in the future is open dollar accounts to invoke the protection of the law.
Corona's defense team, in a press statement, said they can explain the alleged discrepancies.
"We knew about those bank deposits and we can explain the difference in due time, when it's our turn to present the evidence," according to a statetement issued in the name of Corona spokespersons Atty. Tranquil Salvador, Atty. Karen Jimeno, and Atty Rico Quicho.
Salvador also said the prosecutors should prove that they legally acquired information about the bank accounts. "Kayo nakita ninyo na questionable po iyung source eh, ni hindi nga nila masabi kung sino ang nagbigay sa kanila at kung papaano nakarating sa kanila." - with reports from RG Cruz and Chiara Zambrano, ABS-CBN News
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the mystic little lady
PS Bank Katipunan branch manager tiongson confirmed that the bank documents used by the prosecution to subpoena the bank accounts of corona were fake. if indeed the president of PS bank and manager tiongson are correct in saying that the prosecution used fake documents to force the issuance of subpoena, it is a shame that the senate allowed itself to be used and abused by the prosecution camp.
corona's bank accounts are out in the open because the senate issued a subpoena to the banks using the fake documents handed by the little lady to the prosecution people as the basis. shame to the impeachment court. this impeachment turned out to be a venue for fishing expedition, wherein legal and constitutional rights of the accuse are not being respected.
umali said that an anonymous little lady handed him the fake documents right inside the senate at around 2:30 pm while on his way out of the senate. however, according to the report of the senate sergeant of arms, the CCTV did not have a recording of the mystic little lady.
is the little lady an apparition? is that the reason why the CCTV footage failed to record her presence? does it mean that congressman umali has a third eye? wow, isn't creepy?
or is this investigation of senate sergeant of arms a confirmation of a lie peddled by the prosecution. was these fake documents a result of devine intervention that umali can't give any sound and plausible reasons? or is it a result of devine manipulation, falsification and relentless persecution?
sasagutin ko PUNTO POR PUNTO
o ano? wala, drawing lang.
Ngayon takot na takot ka, pa cry cry ka pa.
sa senado naman,wag kayong mag away away, napag hahalata kayong ewan!
kangaroo court!
although we can say that the senate impeachment court has power to hear and decide cases of an impeachable officer. however, it cannot arrogate upon itself issues that have something to do with questions of law for it is only the supreme court who can decide on the aforesaid issue. it cannot as well go beyond what the law prohibits. it cannot violate the legal and constitutional right of the accuse. the impeachment exercise can be rendered useless if in case the SC in exercising its duty of judicial review found out that the senate impeachment court committed grave abuse of discretion amounting to lack or excess of jurisdiction.
WORLD BANK DOLLARS?
Hindi kaya eto na yung hinahanap na nawawalang dollars ni midas marquez? kaya ayaw na ayaw nilang buksan? Government employees should be transparent!!
Para maiwasan sa susunod Congress at Senate mag isip isip
Dapat magfile ng bill sa Senate at Congress na nagaalis sa circular ng SC, na lahat including justices ay mag divulge ng SALN sa public for transparency. Gayon din bigyan ng exemption ang bank secrecy at foreign account ng exemption doon sa mga nasa impeachement case, ill gotten wealth case lalo na kung mga nasa government position. Dahil yong mga batas na to pinagtataguan lang nga mga magnanakaw at balak magnakaw ng milyones dahil alam nila ang batas. Samantalang yong nang snatch lang cell phone dahil sa gutom - gulpi na at kulong agad. Prostitute na kapit sa patalim kulong agad. Anong klaseng bansa mayroon tayo.
confused lady senator from taguig
What is the pleasure of the confused lady senator from taguig?
Mr. President, I'm so confuse sa TRO talaga eh ………. Chit chat … (more than 2min na + reservation).
Hay buhay, hindi marunong sumunod sa simpleng rules. Lahat may palusot. Nagmumukang Circus ang Impeachment Trial dahil sa inyo.
I submit.
The SC would be violating the
The SC would be violating the Constitution if it stops the impeachment trial, malinaw na malinaw yan.
Kapit-tuko talaga si Corona
Kapit-tuko talaga si Corona sa pwesto niya khit buko na ang pagiging kurakot niya.Kapal niyo po!
To the highlest level din
To the highlest level din pala ang pandaraya at pagkacorrupt ni Renato Corona, tulad ng among si Gloria Arroyo
Bong Revilla has bigger
Bong Revilla has bigger problems to solve such as Ramgen's murder than meddle in the Corona trial.