Quantcast
Latest Stories

Corona trial suspended with hanging question: Where did P34M go?

By

MANILA, Philippines—The Senate, sitting as an impeachment court, suspended its trial on Thursday for a month long break with senators still clueless where the P34 million payment for a property sold by a corporation owned by the family of Chief Justice Renato Corona’s wife went.

The defense team presented former Manila Mayor Lito Atienza to prove that Corona’s wife, Cristina, was authorized by the Basa-Guidote Enterprise Inc. (BGEI) to negotiate the sale of the property.

The property, located in Sampaloc,  Manila, was sold at P34,703,800 on June 5, 2001 to Mrs. Corona “in trust” for the corporation.

After few hours in the testimony, however, Senator Joker Arroyo stood up and asked the relevance of the transaction in the ongoing impeachment case against Corona.

Prosecution chief and Iloilo Representative Niel Tupas Jr. explained that the issue falls under Article 2 of the impeachment complaint, which alleges Corona’s failure to disclose to the public his statement of assets, liabilities, and net worth (SALN).

“The theory of the prosecution is that it was misappropriated by Mrs Corona… (and) deposited it in her personal account,” Tupas said.

“And therefore and if we follow the line of reasoning by the defense, it ended up in the account of the Chief Justice. Therefore, it should have been included and declared in the SALN so it would fall under Article 2,” he said.

But Arroyo noted there was no admission from the defense team that the money ended up in the bank account of the Chief Justice.

The senator then directed the question to Corona’s lead counsel, former Supreme Court Justice Serafin Cuevas, who said the money could be in the Chief Justice’s account since it did not even belong to his wife.

“This money does not belong to even Mrs. Corona herself because the check will show that it is for Basa-Guidote and received by Mrs. Corona only in trust. So if she received it in trust, there’s nothing that she can transfer to his husband,” Cuevas pointed out.

But Tupas insisted that Mrs. Corona treated the money as “her own” and therefore, it should also be declared in the SALN of the Chief Justice.

“But Mrs. Corona is not being charged her. It’s Chief Justice Corona,” said Arroyo.

Senator Ralph Recto also stood up and said that based on the evidence presented by the prosecution, the sale of the property went to the Chief Justice’s three banks accounts – two from the Philippine Savings Bank and one from the Bank of the Philippine Island.

Recto specifically referred to the testimonies of prosecution witnesses that the Chief Justice withdrew some P34 million last December 12, the same day the impeachment complaint was transmitted to the Senate.

But Cuevas protested at how Recto supposedly formed his own conclusion based only on the evidence presented by the prosecutors .

“We have not yet started presenting evidence in this regard so how can there be an evaluation, an appraisal, a conclusion? I hope as a judge in this case, I will plead most respectfully that kindly receive the evidence with an open mind,” said the defense team’s chief.

And if indeed the money was received by Mrs. Corona “in trust”, Cuevas said, “Is it hers? Even if we follow your logic, your honor. Is it hers?”

“I’m not saying it is hers,” said Recto.

Cuevas: “Precisely. So why the husband be accountable for that?”

Recto: “I’m not even saying that.”

But Cuevas retorted that Recto made him “understood that way because my objection is this, you’re making a summation of fact but solely on the basis in favor of one party.”

“Why? Because there’s no evidence on our part. We have not even discussed the deposits. The only concept that you have is the concept coming from the prosecution…Very unfair,” said Cuevas.

At that point, Senate President Juan Ponce-Enrile intervened and said that the issue where the money went has yet to be established.


Follow Us

Follow us on Facebook Follow on Twitter Follow on Twitter


Recent Stories:

Complete stories on our Digital Edition newsstand for tablets, netbooks and mobile phones; 14-issue free trial. About to step out? Get breaking alerts on your mobile.phone. Text ON INQ BREAKING to 4467, for Globe, Smart and Sun subscribers in the Philippines.

Tags: Corona Impeachment , Renato Corona , Supreme Court

  • sacrebleau

    I hope Corona will soon be removed so we can have a Supreme Court that could work harmoniously with other branches of government, especially the Executive and its agencies – so that it could effectively clean our government.

  • simondj

    i am glad that one of the orignal owner of the BGEI, the auntie of mrs. CORONA is still alive and is ready to testify. and also one of the cousin of mrs. CORONA to shed light. you know in the bible, the testimony of two person is enough. aywan ko ba bakit sa batas ng tao ang daming ceremony and procedure na sinabi ni Jesus Christ na pabigat lang. kaya nga tama ang sabi ni Jesus Christ tungkol sa mga teachers of the law,,Then Jesus said to the crowds and to his disciples: “The teachers of the law and the Pharisees sit in Moses’ seat. So you must obey them and do everything they tell you. But do not do what they do, for they do not practice what they preach. They tie up heavy loads and put them on men’s shoulders, but they themselves are not willing to lift a finger to move them. Matthew 23:1-4

    ayan MIDAS hindi pa totoo eto? ang amo mo gumawa ng TRO, RESOLUTION O MEMORANDUM, na gusto niyang tuparin ng tao, pero iyong saligang batas nilabag niya. (BAN ON ELECTION APPOINTMENT) 

  • Hey_Dudes

    Your very honor, to show how respectable the honorable cheap justice of the fish is, the P34 million in question was never deposited to any of his or his wife’s bank accounts. The money were all donated to charitable institutions such as Corona Chiseling Club, Coronas Club of Loot & Claim etc. etc. They were all for good causes your honor!

  • Hey_Dudes

    The way justices and employees of the supreme court  are acting they are not a third branch of government.  They consider themselves another ‘republic’ all on their own except still being spoon fed by taxpayers money but accountable to no one.  Hurray for this whackko club.  I bet they are all ready to trek to their Baguio retreat residences for the holy week.

  • calgary2526

    Pumunta ka sa palengke. bumili ka ng karne o isda, masdan mo at madalas matapos ang bentahan ay dudukot sa apron ang tindero/tindera ng maliit na notebook at lapis at ililista ang pinagbentahan. ika nga eh ang IN and OUT ay naka-record kahit gaano man kaliit o kalaki ang benta-accounting in its simple and functional form. Pero dito sa kaso ni Corona na milyones ang ari-arian at pera sa bangko ay hindi ba dapat mas maayos ang libro??? Pero sa ating nakikita ay ‘LARONG BUKO’ ang accounting. HIndi mo malaman kung inutil ang may gawa OR sinadyang hocus-pocus kasi may tinatago

    • http://pulse.yahoo.com/_3TWVIBNBHJIBKXLUC5IT2JYM5E Harry

      Kung hindi malaman, why not give him benefit of the doubt instead of condemning him by publicity.

      • calgary2526

        Harry, I am only speaking from experience. You see my family has several biz in manila and income properties and I have mine too. Ngayon nandito ako sa North America may Biz din ako toronto, with several partners and while here in calgary I am on contract with an oil exploration company. Needless to say I really keep track of all my transactions- i keep receipts, checks, invoices – cash flow in general. may ledger ako record everything para yung tindera sa palengke para kung dumating man yung time na silipin ng CRA (canada revenue agency) ang libro ko ay may ipapakita ako and would be able to defend my income with corresponding taxes na kakambal ng income ko or loss maybe. pag maayos lahat hindi aabot sa ganito na paikot-ikot ang explanation. kung black and white lahat walang dapat ikatakot. hindi ko kakailanganin ng lawyer to defend me just in case SIMPLY BECAUSE I HAVE BEEN DILIGENT AND TRUTHFUL

        But should time come that I’ll be needing the sevice of a lawyer it would be a breeze to explain to him/her the circumstances because nakalista lahat sa ledger

  • oracle888

    Being compassionate and kind, I visited a cuckoo house (mental facility) to render my volunteering services. As I enter the dining area, most patients are under sedation and well behave except one sitting at the far end corner starring blankly at me. Then I heard him saying repeatedly:

    “hahah
    hahaha
    hahahah”

    “hahah
    hahaha
    hahahah”

    I told myself, “What he uttered sounds so familiar. It did resemblance exactly some one from the PID Impeachment forum.”

    I said to myself, “It is him! Now I know where I can find him.”

  • Nic Legaspi

    Ang aga naman ng holy week break na ‘to! Bakit kaming mga pribadong empleyado ay dalawang araw lamang ang bakasyon tuwing semana santa?

  • http://profile.yahoo.com/W4HIXRAMS5DRO6LEWGA3V25WPQ jimjones111

    Corona trial suspended with hanging question: Where did P34M go? daming tanong nandito sa akin ang hinahanap nyo.

  • tata_boy

    Can we put a trace on this P34.7M from the time it was deposited to cristinas’s bank account up to the point that it was withdrawn from the 3 atong corona’s BSP accounts? 

    • http://twitter.com/wee_kender wee

      if the defense allow it – but knowing too well that it will be their death knell, it’s highly unlikely.

    • http://pulse.yahoo.com/_3TWVIBNBHJIBKXLUC5IT2JYM5E Harry

      It is not your money nor anybody’s except BGEI, so let BGEI owners run after the Corona couple and you have no business to be worried where the funds went?

      If BGEI can prove that the funds were embezzled by Cristina and Corona, then the more grounds for the impeachment.

  • oracle888

    On the 45 days of Impeachment trial hearing:

    Prosecutor: “Mr. Chief Justice, why did you deposit the 34.7 million pesos in your name instead of BGEI?”

    Corona: “Because my wife Cristina is the “virtual” owner of BGEI. That’s our money.”

    Prosecutor: “If that’s your money, why did you not report them in your SALN and ITR?”

    Corona: “Because the money belongs to BGEI”

    Prosecutor: “Did you know your answer is flip-flopping?”

    Corona: “That’s normal. I did it many times in my SC rulings. Beside, I even  …”

    JP Enrile interrupt: “Let’s stop it here. Witness’s last statement is stricken out.”

    • calgary2526

      This conversation, in essence, is what the defense, of course with the blessing of Renato, is peddling to the public – a vicious cycle of lies upon lies upon lies. That when you exercise it so often it becomes the truth so much so the person, in this case Renatto and his lawyers fully converts and lo and behold… ALL OF THEM subscribes and professes in their lies as being the TRUTH.

      • http://pulse.yahoo.com/_3TWVIBNBHJIBKXLUC5IT2JYM5E Harry

        oracle888 distorted the facts. 

        Corona explicitly stated that the money belongs to BGEI and he borrowed 11 millions out of that fund.
         Now that we know that the ownership of the corporation is in dispute, the funds still belongs to BGEI technically until the matter is resolved. And, in the meantime, Cristina maybe still holding it “in trust for” the BGEI, i.e., she is not the owner of the money either.

      • humberto45

        NO HARRY… AT ONE TIME HE SAID HER WIFE IS THE “VIRTUAL OWNER!”… NO DISTORTION AMIGO!

      • rosamistika16

        para bang negative x negative = positive? hehe!

    • hatecorrupt

      AMAZING LIES…WAHH…!!!!

    • hatecorrupt

      WOW! GOOD COVERSATION. WAHH…!!!

    • humberto45

      HAHAHA… OK KA ORACLE888… GANON NA NGA AND SINABI NILA CORONA…”VIRTUAL OWNER!”… 



Copyright © 2013, .
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City, Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94
Advertisement

News

  • First female general finds self in new battlefield
  • Dark horse beats veteran for governorship of Negros Oriental
  • Defeated Iloilo bet questions ‘electronic fraud’
  • Team PNoy, 9; UNA, 3
  • GSIS members won’t be penalized for employers’ failure to remit contributions, says general manager
  • Sports

  • US training pays off as returning San Beda nips FEU at Filoil Flying V
  • UE draws perfect game from Olivarez to thwart UST
  • Adamson bests CSB on Jericho Cruz’s 25-point burst
  • Report: Michael Phelps planning comeback
  • Former lawyer says OJ Simpson knew about guns
  • Lifestyle

  • Make the good choice with Android Handsets
  • Caribbean talks conservation on Branson’s island
  • My (forced) Boracay summer of 2013
  • Daisy Hontiveros Avellana–Why she will always be the ‘First Lady of Philippine Theater’
  • ‘The only thing wrong with the Filipino audience is that there isn’t enough of it’
  • Entertainment

  • Leaving a coliseum full of positive vibes
  • Ser Chief, Maya in Toronto today
  • HEARD: Celeb poll volunteer
  • J.J. Abrams: Wildly exciting to direct new ‘Star Wars’
  • ‘Minute to Win It’ drives youths to be more active
  • Business

  • World hypertension day: Know your numbers
  • Mining output plunged 18% in 2012
  • Stocks continue to decline
  • AUB debuts strong on PSE
  • SM launches Aura project
  • Technology

  • Hong Kong launches first electric taxis
  • DepEd website now up and normal
  • Report: Yahoo nearing $1.1B acquisition of Tumblr
  • ‘Sonic’ video games coming to Nintendo
  • ‘Hatchet hitchhiker’ arrested in US murder
  • Opinion

  • Bolder and bigger
  • Shell shock
  • Passing the election test again
  • Of proclamations and dynasties
  • Our cherished gift
  • Global Nation

  • No alternative for Filipino workers in Taiwan, says recruitment expert
  • De Lima appeals for calm as NBI completes probe into Taiwanese fisherman’s killing
  • Mexico violence claims hundreds of US lives
  • Malacañang rejects Taiwan ‘murder’ claims
  • Foreign ships harass mayor of disputed isle
  • Marketplace
    Advertisement
    Azure Skin Ad
    Azure Skin Ad
    © Copyright 1997-2013 INQUIRER.net | All Rights Reserved