MANILA, Philippines (5th UPDATE) - Chief Justice Renato Corona had three peso accounts closed in  Philippine Savings Bank (PSBank) as of December 12, 2011, the day he was impeached by the House of Representatives.

Based on the testimony of PSBank Katipunan branch manager Annabelle Tiongson, account 089121019593 was closed on December 12, 2011. It was opened on December 22, 2009 with an amount of P8,500,000. It became P12,580,316,56 as of end-2010.

The other account that was closed on December 12, 2011 was 089121021681.

It was opened on September 1, 2010 with an amount of P7,090,099.45. As of end-2010, the amount was at P7,148,238.83.

Both are peso time deposits.

The other account, which was not a subject of a subpoena was also closed on the same date. It had an initial deposit of P17 million on June 29, 2011. It is also a time-deposit.

The other accounts are:

089121017358 – opened on January 26, 2009 with P2,100,000
- closed on April 16, 2009;

089121020122 – opened on March 4, 2010 with P3,700,000.
- closed on April 23, 2010;

089121011957 – opened on May 16, 2007 with P2,000,000; end-2010 with P5,018,255.56;
- closed on October 2, 2008.

All the three accounts are peso time deposits.

Tiongson also brought a certification from the PSBank that Corona has no other accounts, such as mutual funds and other types of deposits.

It was on December 12, 2011 when 188 congressmen signed the impeachment complaint accusing Corona of betrayal of public trust, graft and corruption, and culpable violation of the Constitution.

Senator-judge Jinggoy Estrada noted: "It is quite suspicious that these 3 accounts were all closed on the day that the Chief Justice was impeached."

Senator-judge Francis Pangilinan later asked PSBank President Pascual Garcia the circumstances surrounding the termination. “Is there a way where we can find out where it went?”

Garcia said there is, but he is not prepared with an answer because it was not included in the subpoena of the court.

Private prosecutor Demetrio Custodio asked if PSBank officers could bring to court documents pertaining to the closing of the 3 accounts.

Senator-judge Tito Sotto, however, asked if the 3 accounts had any relevance to the allegation of the prosecution on the non-disclosure in Corona’s SALNs.

Custodio said: “It has no direct relevance, but just to show there’s an attempt to conceal certain amounts.”

Not Corona's money - defense

Defense lawyers explained on Thursday that Chief Justice Renato Corona had to close 3 peso accounts in Philippine Savings Bank (PSBank) on the day he was impeached since the money was not his but his wife's company, Basa Guidote Enterprises Inc (BGEI).

They also issued a statement denying that Mrs. Corona had texted a journalist explaining why the peso accounts were closed on December 12, 2011, the day her husband was impeached by the House of Representatives.

"It has come to my attention that a certain Tina Corona has texted a media personality. I have not done that and I have not interacted with any media since the impeachment case has been referred to the Senate for trial. I hope media outfits are responsible enough to check and verify your sources before issuing any report. Please be fair," she said.

In the text message which she disowned, it said the money in the peso accounts came "from City of Manila expropriation."

Corona's defense team previously pointed out that BGEI earned P34 million after one of its properties was expropriated by the City of Manila in 2001.

Hearsay evidence, says Cuevas

Lead defense lawyer Serafin Cuevas also said those amounts in the 3 accounts can only be declared on April 30, 2012. “So it’s not included in the SALN.”

Cuevas also asked Tiongson on cross-examination to test her credibility.

“On the rules on entries made on regular course of business, the entries must be made by persons making the entry?” he asked, to which she answered: “Yes.”

Cuevas tried to show that what Tiongson knows are hearsay since she did not personally attend to the opening or closing of the accounts.

“So you can’t vouch for the validity and correctness then?” Cuevas asked. She answered: “No, I wasn’t there.”

Senator-judge Miriam Defensor Santiago later said it is now up to the prosecution to prove that the entries were indeed made during those dates in question.  -- with a report from David Dizon, ABS-CBNnews.com; Jing Castañeda, Ina Reformina, RG Cruz, ABS-CBN News