CJ had 82 dollar accounts in 2011: Ombudsman

Posted at 05/14/12 5:22 PM

CJ withdrew over $418K on day he was impeached, says Carpio-Morales

Defense: Is Ombudsman privy to how AMLC arrived at amount?

MANILA, Philippines (2nd UPDATE) – Chief Justice Renato Corona had at least $10 million in “transactional balances” in 82 US dollar accounts in 5 banks, Ombudsman Conchita Carpio Morales revealed Monday.

Carpio Morales said there were “significant deposits and withdrawals on various significant dates including the 2004 and 2007 elections as well as the week he was impeached specifically December 12, 13, 15, 19, 20, and 22, 2011.”

She said that on December 12, 2011, the day he was impeached, Corona pre-terminated a US dollar time deposit account amounting to $418,193.32 and then added to another bank in BPI San Francisco del Monte.

She said that from this amount, $417,978.80 was deducted from this account and placed in a regular trust fund placement.

“I listed all the different accounts. I classified them under one column. After grouping different accounts under one column, I got the dates the transactions occurred. I got the amounts the transaction occurred. But since I noticed that there were some accounts which were deposited in, let's say, A account, example P100,000, but on the same day, the P100,000 were withdrawn in 3 branches and transferred to 3 different accounts X, Y, Z, I had a bit of difficulty trying to analyze,” she said.

82 accounts, 423 transactions

She said the number of dollar accounts, from which transactions were made over the years, grew to 82 in 2011.

These are:

Bank of Philippines Islands (BPI) San Francisco del Monte - 34
BPI Tandang Sora - 18
BPI Acropolis - 8
BPI Management Investment Corp - 1

Philippine Savings Bank (PSBank) Cainta - 8
PSBank Katipunan - 6
Allied Bank Corp. Kamias - 4
Deutsche - 2
Citibank – 1

Asked what a transactional balance is, Carpio Morales said these are “fresh deposits.”

She said she asked the Commission on Audit (COA), in particular Commissioner Heidi Mendoza and COA Chairman Grace Pulido Tan, to help her with her own mathematical evaluation.

Her evidence came from a document provided to her by Anti-Money Laundering Council (AMLC) Executive Director Vicente Aquino.

Mendoza herself later took the stand, but her presence was questioned by the defense. Lead defense counsel Serafin Cuevas said she was never presented as a witness.

Carpio Morales tried to explain the “inflow and outflow” of some amounts in several accounts via a PowerPoint presentation. Cuevas opposed such a presentation, noting Carpio-Morales was never privy as to how the AMLC arrived at the amounts.

Summarizing for Carpio Morales, Mendoza said their studies showed 423 transactions for all 82 accounts. There are four major accounts that spawned baby accounts, she said.

The total inflows, Mendoza said, reached $28,740,497.93, and total outflow totaled $30,758,878.71.

Senate President Juan Ponce Enrile asked Carpio Morales if the withdrawals are covered by documentary evidence, she said: “It’s based on the AMLC document…how they came about it, it’s not recorded there.”