Corona posts bail on unexplained wealth case

Posted at 04/02/2014 7:10 PM | Updated as of 04/02/2014 7:10 PM

MANILA -- Former Supreme Court Chief Justice Renato Corona on Wednesday posted bail on his unexplained wealth case.

Corona posted bail past 4 p.m. Wednesday prior to the issuance of an arrest warrant against him.

He declined to grant media interviews.

The Office of the Ombudsman charged Corona with 8 counts of perjury and violation of the Code of Conduct and Ethical Standards for Public Officials and Employees for allegedly misdeclaring his wealth.

The 16 criminal cases against Corona were raffled off to the Sandiganbayan third division, which set his bail at P160,000.

Ombudsman Conchita Carpio Morales has asked the Sandiganbayan to immediately freeze the assets of Corona and his wife, Cristina.

The Corona couple is accused of illegally amassing over P130 million worth of assets.

The Ombudsman said the combined declared assets of the Corona couple was only P30 million while their estimated worth is at P160 million.

The alleged misdeclaration of his wealth also caused then Chief Justice Corona to be impeached and removed from his post in 2012. -- Report from Robert Mano, dzMM