Corona on Trial

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    Money in three PSBank accounts belong to Basa-Guidote, not CJ’s – Corona lawyers

    The money deposited in three deposit accounts under the name of Chief Justice Renato Corona belongs to Basa-Guidote Enterprise (BGE) Inc., lawyers of the impeached chief magistrate told reporters at a briefing Thursday.

    Basa-Guidote Enterprise is a company owned by the family of Cristina Corona, the chief justice’s wife.

    However, Corona’s lawyers did not explain why the money was deposited in PSBank accounts under the chief justice’s name. "Ipapaliwanag namin sa tamang panahon," said lawyer and spokesperson Tranquil Salvador III.

    The Corona family's decision to withdraw the money from the three PSBank accounts was related to his impeachment, Salvador noted.

    Anticipating that his money and properties would be scrutinized by the impeachment court, Corona closed the accounts on Dec. 12, 2011— the day 188 members of the House of Representatives impeached the chief justice.

    "Ang tingin ko, ang dahilan dito, considering the situation, iisipin ng tao baka personal na pera niya iyan. Pero ang intention dun ay protektahan naman ang pera na 'yun na sa Guidote," Salvador told reporters. Two accounts under subpoena

    The first of two accounts closed on Dec.12, 2011 was No. 089-121019523, which was opened on Dec. 22, 2009 with an opening balance of P8.5 million.

    The second account was opened on Sept. 1, 2010 with an opening balance of P7,090,099.45.

    These accounts, along with three other time deposit accounts, were covered by a Senate subpoena.

    PSBank president Pascual Garcia III on Thursday again took the witness stand and spoke of a third account that was not covered by the subpoena — but was also closed on Dec. 12. This account had an opening balance of P17 million, Garcia said.

    The Corona camp cannot divulge further details of the three accounts because doing so may touch on the merits of the impeachment case, defense lawyer and spokesperson Karen Jimeno said in the same briefing.

    "Mahirap muna mag-comment ngayon kasi this goes to the merits of the case. Ang puwede niyo i-take into account is that Mrs. Corona ay halos sole owner of BGE at may ongoing kaso pa dito kaya mahirap pag-usapan," Jimeno said.

    The defense lawyers refused to talk more about the case involving BGE, saying it is currently pending with a regional trial court, other than hinting that the case had to do with its ownership.

    "Ang Basa-Guidote naman, although kay Mrs. Corona iyan, may issues pa involving [her] family,” said Salvador. — VS, GMA News

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    • Richard  •  Manila, National Capital Region  •  3 months ago
      sana may mangyari pupuntahan ang impeachment na ito. pagdasal po natin lahat na maparusahan ang may kasalanan. salamat
      • Wordsof 3 months ago
        may mangyayari, kung hindi mahahadlangan ang paghahayag ng katotohanan at kung mga senator -judges ay boboto ayon sa katotohanan, kalinawagan, hustisya at katarungan ng sambayanan.
      • Kotong Lord 3 months ago
        bilib ka talaga na ang jewish god mo will act as your enforcer????

        hanga naman ako
      • pacifico 3 months ago
        and truth shall always prevail, and shall set us free from the bondage of corruption, abuses, deceit and wickedness , huwag lang kakampihan at po-proteksiyunan ng, korte suprema at ng simbahang iglesya at katoliko si cheap justice renato corona.
    • King  •  Manila, National Capital Region  •  3 months ago
      matagal nang close ang Basa-Guidote sabe ng SEC. at sabi ng kamaganak ng asawa ni corona walang share sa company ang corona family o ang asawa nya. nako po....................
      • Jack 3 months ago
        tama po at may kaso po yan sa RTC Manila Br 12.
      • arnold 3 months ago
        nakausap nyo, mga tanga, di ka ba nanonood ng impeachment sinabi ni ENRILE na mas matalino pa sa inyong dalawang unghang na kahit isinara na ng SEC eh maari pa ring existence ang kumpanya. At alam mo ba kung anong klaseng kaso yon, maaring yan ay mag anak na kaso na di kayo dapat makialam, MGA TANGA
      • beintesingko 3 months ago
        Hay naku naman yahoo user corporation yan hindi puede iisa lang ang signatory. Halatang nagsisinungaling yang abogado ni Corona. Magatanong kayo sa Articles of Incorporation. Merong Chairman of the Board, merong Secretary, merong treasurer, at kung ano pang title Merong President, Executive Vice President etc,. lahat yan dapat may pirma sa account. At dapat ang nakapangalan sa account ay Basa-Guidote. HIndi lang si Corona. ang signatoiry kung totoong sa Corporatiopn galing ang pera. Kayo naman. Lagi nyong pinapanood kasi yang telenovela na iyan kasi. Magsuri kayo kasi para di kayo malinlang ng mga alipores ni Satanas na puro sinungaling, sa pangnguna ni Cuevas.
    • alexander  •  3 months ago
      prosecution bantayan ninyo....wiling talagang ibigay sa basa-quidote yang milyones na yan kapalit ng hindi pagsasalita ng mga in-laws niya.... ang galing nila ano?medyo nahirapan akong mag-analyze kung bakit ito ang pinalalabas nila... another form of corruption ito.. ayan tinutulungan ko na kayo prosecution tawagan na ninyo ang mga in-laws niya na huwag kakagat sa pain.
      • Juan 3 months ago
        ang checke na worth 34 million plus ay binigay ng city of manila in trust sa pangalan ni mrs corona at naideposito sa PSbank.
      • gina 3 months ago
        at bakit renato corona not kristina???????????????????
    • Alex  •  Manila, National Capital Region  •  3 months ago
      If the money is really owned by Basa Guidote, why was this transferred to Corona? Garnishment maybe? is ms. corona is trying to hide the funds from garnishment. The way to check veracity of the claim is to check disbursements made by Basa Guidote and also check their bank statements if there was a transaction that pertains to the transfer of funds. Check is this was reflected in the financial statements of Basa Guidote. If none, then, corona will have to explain how did the money get into his account.

      The current account and savings account of corona should also be examined, this is to determine cash flow being generated by corona.
      • leo d 3 months ago
        talino mo dre.... at checkin din kung sino ang signatory ng mga lumalabas na funds..
      • Ghost 3 months ago
        Malamang tax evasion. Hindi nakapangalan sa BG company so pano ide-declare yan sa satement of A & L. Kung nakapangalan kay Corona yung Bank Acct. bakit wala yan sa SALN nya?
      • beintesingko 3 months ago
        Again another truth
    • Pilosopo Tasyo  •  Riyadh, Saudi Arabia  •  3 months ago
      Kapag naakusahan ang isang pobreng walang pinag-aralan dahil sa pagnanakaw...malaki ang tsansang maaring nagawa nya yun dahil sa KAHIRAPAN. Pero pag ang naakusahan ang isang mayamang nakapag-aral sa pinakasikat na eskwelahan at nag nagpakadalubhasa pa,...malaki ang tsansang nagawa nya yun dahil sa KASAKIMAN!
      • Utakmo Panish 3 months ago
        kapag naakusahan ang isang edukado mayaman din naman d naman politiko at kabilang sa prominenteng pamilya at higit sa lahat isang Justice ng SC malamang me nasagasaan sa naging desisyon nya tulad cguro ng 14-0 desisyon nya sa Hacienda Luisita pabor sa magsasaka, kaya ngayon siya ay isinasakdal dahil sa paghihiganti, ginagamit ang buwis ng taong bayan para mabawi ang HL, gising kaibigan.
      • Yonip 3 months ago
        100 percent agree ako sa iyo Pilosopo Tasyo..
      • Pilosopo Tasyo 3 months ago
        @Utakmo Panish matutulungan ka ni Cheat Justice Corona na mapalitan ang pangalan para maging Utakko Panish (mas bagay sa yo)
    • Nothin But Hot Air  •  Los Angeles, United States  •  3 months ago
      Sa mga nababasa kung comments at sagot sa comments, and cause ng caso ng Basa-Guidote vs. Corona ay ang bentahan ng 1000 sq.m. by Mrs. Corona to the City of Manila. The other party says Corona was not authorized to sell the property. Ang sabi ni Jimeno, Mrs. Corona ay halos the sole owner of the corporation. But her statement is belied by what Salvador said that Corona is also protecting yong pera ng mga Guidote. So there is still a pending case of rightful ownership sa corte.
      From the start, the groundiwork for deceit was already established. The check which was issued by the City was made in the name of Cristina Corona In Trust For BGE, Inc. Who prevailed on the check maker to issue the check in the name of Mrs. Corona and not in the name of BGE, Inc.? Because she is the payee she can deposit it on any account and maybe not in the BGE, account.
      Salvador's view that she is protectingf the property of the Guidote is questionable. The Guidote's didn't authorize her to receive the money in behalf of them. There is a pending case but she and her husband took the money and deposited it to their account when the rightful thing to do is to deposit it on an account In Trust For the BGE. Justice Corona is a lawyer and must know the legal things to do.
      That they deposited the money to Corona's PSB accounts is very fishy indeed and their motive is suspect.
      Still, the question whether these are really BGE's money or ill-gotten wealth remains to be established. The money-laundering suspicion should be satisfactorily brought to its conclusion.
    • Juan Tamad  •  Los Angeles, United States  •  3 months ago
      Sa mga congressmen-prosecutors, please be informed that banks have photocopies of check deposits and checks paid aside from the deposit and withdrawal slips. Kaya you can trace where the deposits came from (if they are checks) and where the checks disbursed went to. There is an endorsement at the back of the check to know which account the check payment was deposited into. Kung si Corona ay nag-deposito ng sako-sakong bills in cash (million kasi) at nagwithdraw ng sako-sakong cash (million kasi) , yong ang mahirap ma-trace. Kaya if they really want to know the truth kagaya ko, they should subpoena the bank ledgers pertaining to the deposits and withdrawals of Ginoong Corona as well as the checks deposits and check disbursements. Yong lang po!
    • Byron  •  Ad Dammam, Saudi Arabia  •  3 months ago
      Wahahahaha! Kung sa larong taguan eh. kita na ang pwet mo! hehe
    • kuia23  •  Los Angeles, United States  •  3 months ago
      As I was stating it earlier sa naunang news regarding the 3 accounts that was closed na tiyak gagamit ang Corona's defense ng "Arroyo's tactic" hwala!!! after just several hours... and the defense just did that...haha... confusing people and diverting the main topic at hand. Why in the world would it be in CJ coronas name, and the company has issues regarding ownership, at least the remaining assets liquid at that should be in some sort of separate account belonging to the so called company!... and what's more funny is the defense cannot even touched on how to elaborate the connection and thereby drag it out again in order to find a more eloquent thing to say next just to make it more palatable in the ears of every Filipino people tuning in on this. Why drag this case... they make us stupid by finding more story to tell next.
    • QR  •  3 months ago
      R E S I G N.....R E S I G N.....R E S I G N......R E S I G N.....
    • Ricardo  •  Iloilo City, Western Visayas  •  3 months ago
      Sana sabihin mo pinapatawad ko ang lahat ng kaaway ko, habang binubuksan ang dollar account ko.
    • Diosdado David  •  Manila, National Capital Region  •  3 months ago
      Madaling matuklasan kung sa Basa Guidote o kay Mrs Corona talaga ang funds under question. A detailed audit of the documents and other related papers of Basa Guidote is a must to prove the truth.
    • John  •  3 months ago
      What a stupid line of reasoning coming from a good lawyer and a law professor at that. Pls. give us a little respect Atty. Salvador even if you may think only CJ Corona and your defense team are the smartest in this republic and the rest are either stupid or fools. The way you say it was just like a thief feigning shock and surprised when the policeman found the victim's wallet in his pocket. Atty Cuevas would object to that statement and will say, Misleading your honour.
    • robert  •  Manila, National Capital Region  •  3 months ago
      ohhh........the money belongs to the wife........deposited under the husbands name to protect it from an on going case betwee the wife's family.....and the husband only is the chief justice of the supreme court........does anybody else feel somethings not right with this.........
    • happy  •  Manila, National Capital Region  •  3 months ago
      kung INC man si Cuevas at iba pang lawyers sana huwag nilang isama ang religion nila, dahil mas nakakhiya, ung mali giangawa nilang tma at ung tma giangawa nilang mali, may ssarili silang personalidad. corona must resign or take leave of absence, pero dahil nagagamit niya ang pwesto niaya kapit tuko siya, why put the money in his name kung hnidi un sa kanya? very obvious
    • John Paul  •  3 months ago
      Ginagawang bobo ang mga pilipino ... tulad nung kay mikey aroyo snbi ung bahay sa states sa " corporasyon " daw ngaun same treatment to hide the truth ... sana ang mga pinoy hnd na maging tanga problema kc pag hot topic tutok pero madaling mauto ... wag kayo maniwala sa mga palusot nila
    • John  •  Bakersfield, United States  •  3 months ago
      kung nasa pangalan mo sa iyo yan mahirap bang intindihin yun...
    • arjay  •  Dubai, United Arab Emirates  •  3 months ago
      i am not siding with coronas or with pnoy, i am siding with the truth and the pilipino masses....as per the documents presented, he is guilty whether it is relevant to article 2 or not. the mere fact that he did not disclose his money correctly is already a betrayal of public trust. if he is really smart why did he accept to put the money in his name. What a stupid CJ....those pro bono attys are also stupid....
    • Chief Kunsintidor  •  3 months ago
      If you say this is the REVOLUTIONARY GOVERNMENT OF AQUINO then we support it!
      The people have resorted to revolution because of how the Arroyo regime treated us!

      Ang laki ng taxes namin, hindi nyo pinalalampas maski isang kusing tapos ganitong serbisyo at puro panlilinlang lang ang mapapala?

      Kaya hindi makamtam ng maraming pilipino ang serbisyong para sa kanila dahil kinamkam na ng mga magnanakaw sa pwesto...at ang protektor, accomplice at kunsintidor ay kasama sa pagnanakaw na iyon..!
    • Roberto  •  Manila, National Capital Region  •  3 months ago
      Itigil na ang trial na ito. Impeach na ang magnanakaw. Sobra na ang ebidensya sa kawatan na yan. Guilty, paalisin sa Supreme Court at Isakdal na sa Omubdsman para makasuhan ng ill gotten wealth at mabalik sa kaban ng bayan..
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