Corona bares he has $2.4 million in his accounts

(UPDATE) Chief Justice Renato Corona on Friday admitted that he has at least $2.4 million (P105,026,400 for at P43:$1 exchange) in his four dollar accounts.
 
Corona claimed that he earned this money due to his dollar deposits for over 35 years, since his family invested in foreign exchange.
 
“Ang pera namin ay lumago sa interes. Bakit hindi nagagalaw ang interes? Napakasimple po ng aming pamumuhay at mayroon naman akong current stream of income na nagagamit sa pang-araw-araw,” he said.
 
The Chief Justice said he did not declare his dollar deposits to his statements of assets, liabilities and net worth due to banking secrecy and foreign currency deposit units laws.
 
Corona also testified that his three peso accounts contain a total of P80 million which are all commingled funds that he does not solely own.
 
He pointed out that these accounts contain the expropriation proceeds of the sale of the lot owned by his wife’s company, Basa Guidote Enterprises Inc., the inheritance of his late mother, and some funds of his children.
 
“Mas malaki ang deposit, mas malaki ang interes,” Corona said, explaining why his children opted for commingle funds.
 
The chief justice also denied the allegations of Ombudsman Conchita Carpio-Morales that he owned $10-million worth of “transactional balance” and $12-million worth of “fresh deposits.”
 
“I never, at any time, had 10, 11 or 12 million dollars. Pinakamalaki na yung $2.4 million,” he said.
 
Corona hit Morales for releasing the report from the Anti-Money Laundering Council which he said is unauthenticated.
 
“Palagay ko po nagpagamit si Ombudsman sa Malacanang. Kasi naman po winagayway niya dito yung dokumentong allegedly from AMLC. Parang di naman po tama yun kasi hindi man lang authenticated,” he said.

Confidentiality waiver

Earlier, Corona submitted a confidentiality waiver--and dropped an earlier condition he set--which would allow the court look at his four dollar accounts.

At the same time, Corona apologized for his behavior in Tuesday's trial, while maintaining he did not "walk-out" but was really not feeling well.

"I am submitting this [waiver] without any condition," Corona told the court Friday as he returned to the witness stand. On Tuesday he dared all 188 impeachment complainants as well as Senator Franklin Drilon to also submit their confidentiality waivers.

His move to submit the waiver came after Corona's apology to the Senator-judges.
 
“Ako po ay nagpapakumbaba at humihingi ng paumanhin sa inyo. Hindi ko inaasahan na ganoon ang mangyayari,” Corona said.
 
Corona also denied that he planned the alleged "walkout" and insisted that he was just not feeling well after suffering from hypoglycemia.
 
“I was in a total state of confusion. Sa hilo ko po, ako ay naduduwal. Ayaw ko naman po maduwal sa harap ng camera,” he said.
 
Senate President Juan Ponce Enrile asked the chief justice if he’s now ready to face the court despite his condition.
 
Corona said although his doctors advised him to skip today’s trial, he still chose to return.
 
“Nasa puso ko po ang obligasyon ko sa bayan na magpaliwanag na hindi natapos noong Martes.
 
Pumunta rin po ako para magbigay galang sa Senado bilang institusyon ng ating pamahalaan,” he explained.
 
The chief justice said he has not finished reading the remaining two pages of his statement which deals with the alleged flip-flopping on the case of the Philippine Airlines vs. Flight Attendants and Stewards Association of the Philippines, and the issuance of the temporary restraining order allegedly in favor of former president Gloria Macapagal Arroyo.

No more cross and direct examination


The prosecution and the defense panel both moved not to push with direct and cross examination, respectively.

Defense lead counsel Serafin Cuevas said that due to Corona's condition, they would no longer subject the Chief Justice to a direct examination.

Private prosecutor Mario Bautista said prosecution will also no longer cross-examine Corona but moved that his statements on Tuesday are "inadmissible in evidence."

Loading...

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • ‘Conflict to affect economic growth, stability in SEA’
    ‘Conflict to affect economic growth, stability in SEA’

    Conflict in the South China Sea can affect economic growth and stability in Southeast Asia, New Zealand warned yesterday, amid China’s aggressive reclamation activities in disputed waters. New Zealand is marking its 40 th year of diplomatic ties with the Association of Southeast Asian Nations, and hopes to intensify trade and other linkages with the 10-member grouping. ASEAN members Brunei, Malaysia, the Philippines and Vietnam have overlapping territorial claims with China over the Spratly …

  • OIC asked to complete review of peace pact with MNLF
    OIC asked to complete review of peace pact with MNLF

    The Philippine government is asking the 57-nation Organization of Islamic Cooperation (OIC) to finally complete the tripartite review process of the implementation of the 1996 peace agreement with the Moro National Liberation Front (MNLF). The review – snagged  for several years as government had its hands full with the peace process with rival faction Moro Islamic Liberation Front (MILF) – tackles how the 1996 peace pact with the MNLF has been implemented and centers on the three remaining …

  • Alleged Binay dummies appear in Senate probe
    Alleged Binay dummies appear in Senate probe

    Eight of the resource persons ordered arrested by the Senate finally attended the 21st public hearing of the Senate Blue Ribbon subcommittee into the alleged anomalies involving Vice President Jejomar Binay, but the proceedings turned out to be a review of matters previously presented. For over three hours, the subcommittee heard presentations regarding the alleged hidden assets of Binay and the issue regarding the supposed P200 million in kickbacks he received from a deal between the Boy …

  • DOJ wraps up Mamasapano probe
    DOJ wraps up Mamasapano probe

    The Department of Justice (DOJ) is wrapping up its investigation into the “massacre” of 44 members of the Philippine National Police Special Action Force (PNP-SAF) in Mamasapano, Maguindanao last Jan. 25. A joint team of prosecutors and NBI (National Bureau of Investigation) investigators is about to finish the second part,” Justice Secretary Leila de Lima has told congressmen. Pagdilao stressed that it has been more than a month since De Lima announced to the media that the DOJ would be …

  • APEC meet in Bataan seen to boost tourism
    APEC meet in Bataan seen to boost tourism

    BALANGA CITY, Bataan – More than 2,000 delegates of the Asia-Pacific Economic Cooperation (APEC) and international media outfits are expected to enjoy the splendid coastline of Bagac town, which faces the West Philippine Sea, as they converge for a workshop in this province next month. …

  • DOST opens P54-M research facility
    DOST opens P54-M research facility

    A P54-million research and development facility of the Department of Science and Technology (DOST) was recently opened in Bicutan, Taguig for scientists and researchers to develop technology and techniques to allow Filipino fashion and clothing designers and manufacturers to produce more mainstream products from local, tropical fabrics like piña, banana and abaca. Science Secretary Mario Montejo said the Innovation Center for Yarns and Textiles (ICYT) is the DOST’s flagship effort at reviving …

  • DFA worried about alleged violations of convicted Pinoys’ rights
    DFA worried about alleged violations of convicted Pinoys’ rights

    Philippine embassy officials in Doha have raised their concern with Qatari authorities over coercion and human rights violations in the alleged forcing of three Filipino workers convicted of spying to provide information and confess to the crime. Speaking to reporters, Department of Foreign Affairs (DFA) spokesman Charles Jose yesterday said the embassy has raised the matter during several high-level meetings with Qatari officials and the national human rights committee in Qatar. “Our embassy …

  • US affirms ‘ironclad’ promise to defend Phl
    US affirms ‘ironclad’ promise to defend Phl

    US Defense Secretary Ashton Carter told his Philippine counterpart on Wednesday that Washington’s pledge to defend the Pacific nation remains “ironclad” and called for an end to land reclamation in the South China Sea, officials said. In talks in Hawaii with Voltaire Gazmin, Philippine secretary of national defense, the Pentagon chief “reaffirmed” the strong ties between the two countries and discussed territorial disputes in the contested waters of the South China Sea, where Beijing has been …

POLL

Should Aquino be held accountable over the Mamasapano operations?

Loading...
Poll Choice Options