Corona dollars: $10M, 82 accounts, 5 banks

Posted at 05/14/2012 7:45 PM

MANILA, Philippines – Chief Justice Renato Corona has at least $10 million in transactional balances in 82 US dollar accounts in 5 banks, Ombudsman Conchita Carpio Morales revealed Monday.

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 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 San Francisdo del Monte.

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

ANC Chief Justice on Trial, May 14, 2012

For more on ANC's On the Scene, go to http://anc.abs-cbnnews.com/shows/8/on-the-scene/