Corona's lawyer welcomes TRO on dollar accounts

Posted at 02/09/2012 10:28 PM | Updated as of 02/10/2012 2:06 PM

MANILA, Philippines - A lawyer of impeached Chief Justice Renato Corona on Thursday said the Supreme Court's move stopping the Senate from compelling Philippine Savings Bank (PSBank) to present documents on the foreign currency deposits of Corona is a positive development.

"It's a positive note. It confirms the confidentiality of bank FCDU [Foreign Currency Deposit Unit] records but since it is not our application, it is not in any way an indication on how the SC will act with regards to our motion," defense counsel Tranquil Salvador said.

The Supreme Court, in a vote of 8-5, has issued an indefinite temporary restraining order (TRO) on the subpoena issued by the impeachment court on Corona's alleged dollar accounts in PSBank.

"If the impeachment court does not heed the TRO issued by the SC, the action will be taken by PSBank, not by us because we are not a party to this," Salvador added.

He said a Supreme Court appointee of President Benigno Aquino was among the 8 justices who voted in favor of the TRO.

"Magandang indikasyon ni Justice [Bienvenido] Reyes kahit appointee siya ni PNoy na nakikita nila yung dahilan kung bakit dapat sundin ang batas," Salvador said.


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11 comments

scatterbrains

in long line of sc decisions, phils and abroad, public interest is paramount over individual rights, even rights conferred under the law. the strict bank secrecy laws should be suject to the impeachment process provided for in the consti because it concerns the greater good. corona's rights under banking laws should be subjugated to the need to find out if he is fit to hold the position of cj, which is undeniably of supreme public interest.


The writings on the wall are clear

CJ CORONA PURCHASED A LOT OF PROPERTIES WHOSE AMOUNT ARE BEYOND HIS PAYROLL.

HE DID NOT DISCLOSE HIS TRUE NETWORTH IN SALN.

HE IS INJECTING POLITICS BY USING HIS EMPLOYEES TO RALLY SUPPORT FOR HIM. (Please don't tell us they volunteered)

For these reasons alone, he does not deserve to be a member of the Supreme Court.

CJ CORONA SHOULD RESIGN. SAVE THE INTEGRITY OF THE SUPREME COURT, PLEASE, RESIGN.

Rodrigo Francisco

CORONA GOT TAINTED WITH GMA'S VENOM

If CJ Corona has a slice of integrity remaining in his body, he should voluntarily open his dollar account. Remember a Chief Justice of the Supreme Court must possess qualities seldom found in politicians- unquestionable integrity and honesty. He must prove to all that he is not tainted with GMA's venom.
OPEN YOUR ACCOUNT VOLUNTARILY.

Rodrigo Francisco

RA 1405

RA 6426 was amended through PD 1035, which states:

Sec(8):....The secrecy of deposits under this Act shall be governed in accordance with the provisions of Republic Act Numbered One Thousand Four Hundred Five...

And RA 1405 states:

Sec(2): All deposits of whatever nature with banks or banking institutions in the Philippines including investments in bonds issued by the Government of the Philippines, its political subdivisions and its instrumentalities, are hereby considered as of an absolutely confidential nature and may not be examined, inquired or looked into by any person, government official, bureau or office, EXCEPT upon written permission of the depositor, or IN CASES OF IMPEACHMENT, or upon order of a competent court in cases of bribery or dereliction of duty of public officials, or in cases where the money deposited or invested is the subject matter of the litigation.

Thus, it is clear that TRO is contrary to RA 1405.


Boycott

Foreign Currency Deposit Act specifically states that a disclosure of foreign currency bank accounts can only be made upon written permission from the depositor.
The above paragraph these bankers keep saying like a litany.
What these bankers do not divulge is that such rule only applies to foreign business investors. Corona is not a foreign investors.

Boycott psbank n metrobank with same owner.
Sila ang pasimuno ng pagfile ng TRO
Sa supreme court because if hindi sila
Nagfile hindi naman pwede maglabas ng TRO ang supreme court
for the love of the Filipino people and our country
I will withdraw all of my accounts
From these banks.
Ang BPI hindi humingi ng TRO
ang psbank lang
Para pagtakpan si corona.
Si rizal nagpabaril para sa atin.
Tayo, the least we can do is
Show our disgust to Psbank n Metrobank
By withdrawung our accounts and sending
Them a note that we are disgusted with them
Protecting a person who stole from us
And kept it in their bank.
Parang ninakawan ka ni JUAN,
ipinatago nya kay PEDRO,
pinuntahan mo si PEDRO,
at sinabi mo kay PEDRO,
isoli mo sakin yung pera na ninakaw ni JUAN.
Ang sagot sayo ni PEDRO,
MANIGAS ka, kikita kami sa deposit na yan
Dahil lahat ng deposit dito may kita kami
Mula sa mga uutang sa amin.
Interest na Ibibigay namin sa depositors mga 3%. lang
Pero 10% singil namin sa uutang samin
Tulad ng business, housing at car loan
Tubong lugaw.
Wala kaming pakialam sayo kahit ninakaw sayo yung pera.


Pinakamataas ang SC sa lahat di ba Sen Enrile?

Nasa Constitution yong mga government official dapat magdivulge ng SALN sa public. Kung di superior ang SC, bakit nagawa nilang mag issue ng circular na ang mga justices ng SC ay pwede lang magfile at di di pwedeng ilabas sa public on their assumption, suspicion na baka gamitin ito sa kanila kung gagawa sila ng adverse decision. Kung ang executive, senate at congress ay di exempted, bakit sila nagagawa ito. Asan ang co equal dyan. Sabi nga ng defense ni Corona yong ill gotten ay suspicion lang kaya sila nag oobject. Mag oobject din ako dahil suspicion lang na baka gamitin sa kanila. At kung wala kang ginagawang pagnanakaw ano ang kinatatakot ng mga justices para ilabas ang SALN at


Mga kabayan tigilan nyo si CJ

Kung bubuksan yong $dollar account, may dadagdag na namang ebidensya. Lalaki ang di mapaliwanag na yaman. Baka sa susunod idemanda na sya ng ill gotten wealth. Kaya tigilan nyo na sya, dahil sya lang at ang mga magagaling nyang abogado ang di nakakaalam na may pera sya. Sabi nga ni Atty Esguerra. nasa pangalan nya yong account bakit pera nya ba yon. Siguro tinatanong ng magaling na abogado ng kanyang highly intellectual na tanong ay kinder at grade 1


Kanino ba ito?

Mga kabayan, ang dollar account po ni corrona ay galing sa ill-gotten wealth ng mga Marcose's na ibinalik ng swiss bank sa pamahalaang Pilipinas AT yung pinautang ng World bank sa atin. Ito po ay ipinalagay lang muna ni "little girl madam" sa account nya...aray ko!! Get nyo ba?


Corona should give consent to open dollar acct

If he has nothing to hide then he himself should authorize the opening of his dollar acct. Prinsipyo ba o dollar acct lang ang pinaglalaban ni Corona. If he will continue to hide behind the Bank Secrecy law then he should just resign. He does not fit to be a Chief Justice.


Dollar account leaks?

The peso is nothing compared to the dollar
Loads of money stashed and hidden
That might surpass what pacquiao has earned

Http://vvvvv pinakasikat com/dollaraccountsleak