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PS Bank execs ‘very evasive’ over Corona bank records


MANILA, Philippines – The prosecution said that the witnesses from Philippine Savings Bank (PS Bank) have been “very, very evasive” in answering questions asked by the impeachment court.

“It is very clear that there is evasion,” Marikina Representative Romero Quimbo said in a press briefing Wednesday after the impeachment trial of Chief Justice Renato Corona.

PS Bank president Pascual Garcia and PS Bank Katipunan branch manager Annabelle Tiongson were grilled in Wednesday’s trial over the contents of the bank documents allegedly under the name of Corona to determine if these were faithful reproductions of the original.

Both Garcia and Tiongson previously said in their testimonies that the documents were fake because there were “differences.”

The documents that were used as basis to subpoena bank records and the bank officials were allegedly handed to Oriental Mindoro Representative Reynaldo Umali by a “small lady.”

Quimbo said the document was shown to Garcia and Tiongson to examine but both claimed the evidence to be “fake” only after the Supreme Court issued a temporary restraining order against the Senate’s subpoena of Corona’s foreign currency deposits.

“They had all the time in the world to examine it, and to say, at the very first day that [Garcia] was called here, ‘this document is fake, it is not real,’” Quimbo said.

“But did we hear them say that? Never did,” Quimbo said. “They brought out all the documents pertaining to the peso accounts, they brought out all the other matters pertaining to the ending balance, but never did they talk that the document was fake,” he added.

Quimbo said that there were “seeming inconsistencies” in the testimony of the witnesses.

The witnesses only said initially that there “seemed to be differences” but now “they feel strongly in saying that this is fake,” Quimbo said.

The best way to test the credibility of the witness was to have Garcia bring the original document so it could finally be determined if the witnesses were correct in saying that the document was falsified, Quimbo said.

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Tags: Chief Justice Renato Corona , Corona bank documents , Corona Impeachment , Impeachment court , impeachment trial , Prosecution , PS Bank

  • dongBarako


    • Frederick Royce Perez

       Klaro means no sweat , no thing , in German , and , “clear” is the google English translation for klaro from the Filipino . The most interchangeable word seems to be “Okay” .
       ”Okay” which may be the intent of dongBarako’s “Klaro !” ? 
      A small matter , and a small word that seems quite at home in a large neighborhood of winking inferences .
       Either way seems to work …

  • http://profile.yahoo.com/MVQTXYYHXZF5LNAQFNQ6CU6W6M P P

     Rep Quimbo you are one of the best, I hope you won’t change! I suggest your prosecution team to consult with the Anti-Money Laundering Council so more evidence can be gathered.

  • http://profile.yahoo.com/NV25ZPWMBDYFXEYR3AWQ43ZS5E Hein S

    Corona has much to hide.

  • http://pulse.yahoo.com/_VY25ZOHU3FJFFX6CYSH5W4AX3I sugbu

    I had the same inkling with this young but very capable Cong. Quimbo as to the reenvigorated reluctance of PSBank Garcia,to divulge farther of what he knew.Tiongson was doing fine,to pass the buck to Garcia,it was understandable.The initial foray of TRO itself stonewall or became the lifejacket for Garcia but ironically will not save him from the ocean of lies coming from corona.Garcia was lead to believed that there is no such exceptions with regard to FCDA..the opening and use of it against criminality.I was watching todays proceedings and I could not help myself pity this guy…he seemed to lost his equilibrium …could not even analyze a simple question which irritated the ever witty Sen.Enrile.There was an instance that Garcia admitted having the original record but unfortunately was not heard by Sen.Enrile and in some instances,he dug on his heel.I think,that as a banker,Garcia must be well verse on weighing or comparing degree of gains and loses.Anyway,let’s just hope that Garcia will see the light and can extricate himself on a not comfortable situation.

  • pinklace88

    those who can read body language can strongly sense they are hiding something. even the way they answer, obviously these are supposedly sensible & well educated professionals, otherwise they won’t be occupying such managerial positions in the bank, and yet in some instances they “act” like lost somewhere?!?

    • http://pulse.yahoo.com/_VY25ZOHU3FJFFX6CYSH5W4AX3I sugbu

      Exceptional ang mga arroyos and corona sa pagsisinungaling(only pathological liar can do it)….pero,kitang kita pa rin ang ASIM ng kanilang mga mukha !

  • http://twitter.com/Passer2012 Just Me

    sino ba kasi ang nagpatawag sa mga witness na yan???? di ba kayo din quimbo???? mag research muna kayo kasi… hindi yung puro pa-presscon… sayang lang yung buwis ng mamamayan!!!! B W I S E T!!!!!

    • BPL75

      You’re out of order. Clarify your basis. Please limit your statement to reasonable one.

  • inaanokobayashi

    i guess if we check the dates of the accounts and the cases CJC was handling at that time the accounts were opened, pretty much we could guess where the money came from….

  • http://pulse.yahoo.com/_YAU43R25CAHGNYPHE6HLAM3V6Y Benjamin


  • http://pulse.yahoo.com/_JQBHSHS22G65Z6V5Z64XBRCIZQ simon

    their body language alone can betray them. action speak louder than word. they can hide the truth but not through their eyes. CORONA has a lot of hiding to do because he is a slave of of his own sin. and his time is short. double time na pero kulang parin.

    • http://pulse.yahoo.com/_VY25ZOHU3FJFFX6CYSH5W4AX3I sugbu

      corona is doomed…

  • http://pulse.yahoo.com/_O5TQQYPGVHXCQLU4BRQR4FVBNA ramone

    There are those who say that the testimony of Clarissa Ocampo led to a bank run during the impeachment trial of Pres. Estrada. But this is not accurate. In fact, many depositors withdrew their money from PCIBank prior to the testimony of Ms. Ocampo. The withdrawals were intended to pressure the bank to disclose what it knew about the deposits of Estrada. Civil society then was urging depositors to withdraw their deposits as a protest against the refusal of the bank to make the disclosure. I should know, since I was one of those who closed my account at PCIBank then. By the time Clarissa Ocampo made the disclosure, my bank account was already closed.

  • filipinaskoh

    yes that is the best solution is to compare the alleged fake document to the genuine document, from there you could guarantee if is fake. If the difference was liked the $700,000 was written in the genuine and from the photocopy it was written $700k, though same amount but very different in the way written/ presented there is really difference, but very immaterial.

    the problem is there was a TRO issued by the SC, that was respected by the senate. There is no way on proving it, if it is real or fake. Well unless the senate acted upon it through or by requesting the SC to respect the Impeachment court and lift the TRO

  • filipinaskoh

    I get the point of Sen Jinggoy, when he said the document is a faithful reproduction.
    Because there is a relation between(though very distant and difficult to prove) between Tupas and the PSbank manager.

    If all the accounts were not faked only the documents submitted then, the source could be the branch manager herself. The only way for her to save herself if worse comes to worst is to give a reproduction that are different from the original ( but with correct entry), in that  case the branch could have an alibi, it did not come from them, since the original document are not exactly or not an exact facsimile copy of the original. Because if these were fictitious they will never in anyway, not a single entry, agreed with the original  and the prosecution are not that idiot to just simply  accept document that were not verified. 
    Definitely the documents were verified and there is no really  ’small lady ‘. That is the reason nothing was caught in the CCTV camera.

  • http://pedestrianobserver.blogspot.com/ Political Jaywalker

    I feel sorry for the PS Bank execs finding themselves between the rock and a hard place. Their option is either to perjure themselves (hoping against hope that perjury is really treated lightly without any consequence but there is no guarantee it will be so) or tell the truth that the “fake documents” came from them which may land them in jail and lose money launderers errr client depositors who might see their bank compromising the code of omerta errr their right to bank secrecy, LOL.

  • Sonny Whirly

    Why don’t they invite an expert in document analysis and/or handwriting expert to testify the authenticity of the documents.  The analyst will use some device (maybe magnifying glass or microscope) to analyze whether the documents are identical and some markings were only done in the attached document in the supplemental request.  Definitely,  PS Bank executives could not positively identify if the documents are faked or not.  There were already markings done and they were just photocopies.

  • Sonny Whirly

    PS Bank Excutives will definitely say these documents did not come from them coz’ if they admit it,  then, there is violation of Bank Secrecy Law.  The branch manager could be held accountable coz’ she allowed such leakage.  

    Dapat naisip ng Prosecution na before they requested for the subpoena,  they could have verified it legally and ensured that the documents they will request for subpoena are within the law. 

  • Sonny Whirly

    Kung ako ang nasa Prosecution,  I could have asked my staff to get copies of the Checks  issued to pay for the properties and/or Official Receipts containing information on the checks.   Then,  from these documents,  request from Senate Impeachment court if they can request for subpoena of the bank statements pertaining to the bank checking account number. If granted, and if the bank executives come as witnesses,  they could have asked the witnesses if there are other accounts linked to the checking account.  From here,  they can establish a paper trail just like what happened in ERAP impeachment.  

    Masyado kasing nagmadali ang Prosecution.  Sige lang na sige.  Hindi nag-iisip.  Pinag-Aralan sana nila ng mabuti kung paano nila makukuha yung information without violating any law.

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