The bank secrecy law is clear on stating that foreign currency accounts (dollar accounts) could not be disclosed to anyone unless with the written consent of the depositor. but since corona earned the ire of the president, pnoy ordered the two branches of the government to dig up corona's bank accounts in order to black mail the latter. that is one credible thing that would justify or explain why the bank accounts of corona were exposed and fell into the hands of the prosecution.

the malacanan tenant is the one who ordered BSP and AMLC to investigate corona. to do that, BSP came up with a dept. circular that classified certain people as "PEP" or politically exposed personalities. this is all intended to give way to the witch hunt which the palace tenant orchestrated and to circumvent the law so he could get back at his perceived political foes. with the advent of such dept. circular, BSP and AMLC began a special witch hunt for PEPs who can be a subject for audits and whose accounts can be examined. this did not just put the banking industry in bad light but it has a big impact to the bank depositors. it sends a disturbing thought that this government could illegally order an investigation of the bank account(s) of anyone using BSP and AMLC's. the memo itself deeply encroach into the rights of our people. we can safely say that the law could not protect anyone who's a perceived political foe of the chief executive. the tendency of pnoy being a dictator is right in front of our doorsteps.

for the record, the two branches of the executive (BSP and AMLC) have no business investigating the accounts (dollar) of corona for two reasons. first, there is no court order to investigate the bank accounts of the chief justice. second, the law is clear in bank secrecy that all foreign currency deposits should be treated with utmost confidentiality unless with the written consent of depositor.

What the BSP and AMLC could not deny is that, they have examined the bank records of corona in PS Bank without a court order nor did they determine probable cause to start an investigation. one undeniable fact is that, the BSP auditors accompanied by certain Jerry Leal (anti-frau expert) have investigated the 1 million peso that corona won in a bank raffle. however, the million dollar question is this, why would BSP and AMLC would do a joint investigation involving the chief justice if there is no direct order from the tenant of malacanan? remember that this investigation on corona's accounts happened late last year while the president is berating the chief justice in many forums.

the tenant of the palace is hardly known to uphold, obey and defend the law. to make things worse, BSP and AMLC both vowed to execute the illegal orders of the boy from the stinky pasig river. take it from garcia, the man has more credibility than the man (?) in the palace.