Quantcast
Latest Stories

Corona given until Friday to face DOJ panel for tax evasion

By

Ousted Chief Justice Renato C. Corona. FILE PHOTO

MANILA, Philippines — The Department of Justice gave former Chief Justice Renato Corona up to Friday to face the panel handling the tax evasion case filed against him by the Bureau of Internal Revenue (BIR).

Corona failed to appear during Tuesday’s preliminary investigation due to flu.

Senior State Prosecutor Roseanne Balauag said Corona needed to swear in on the rejoinder or his response to the allegations of the BIR.

Balauag is the head of the panel handling the case against Corona.

The panel granted the request of Corona’s lawyer that they be given up to Friday for the former Chief Justice to appear.

Balauag said if Corona failed to appear on Friday, they would submit the case for resolution.

On August 30, the BIR filed a tax evasion case worth P150.68 million at the DoJ against Corona.

Based on the BIR complaint Corona did not declare all his assets in his Statement of Assets Liabilities and Networth.

Aside from the bank deposits, Corona also did not declare two properties he acquired during his stint in government: a condominium unit at the
Columns, along Ayala Avenue that he bought for P3.6 million in 2004 and a property in Fort Bonifacio that he bought for P9.16 million in 2005.

After examining Corona’s bank records and compared it with his networth, Henares said they discovered a substantial disparity between the acquisition cost of the properties declared in his SALNs and the cost declared in the certificates authorizing registrations.

Using the “expenditure method,” the BIR found that Corona’s deficiency income tax liability amounted to P120.5 million for the nine-year period.


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: Chief Justice Renato Corona , DoJ , Politics , Tax evasion




Copyright © 2014, .
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
Advertisement

News

  • Drilon calls for sobriety as mudslinging, witch hunts loom due to pork scam
  • S. Korea ferry toll hits 150 as search gets tougher
  • If Napoles names Aquino allies, they’ll be brought to bar of justice – Palace
  • Lacson says diamond-studded earring snatched from wife fake
  • Pope John XXIII launched Vatican II and then some
  • Sports

  • Wizards beat Bulls in OT to take 2-0 series lead
  • Pacers rally past Hawks 101-85 to even series
  • David Moyes out as Manchester United manager
  • Nadal to face fellow Spaniard at Barcelona Open
  • Defensive Chelsea holds Atletico in scoreless draw
  • Lifestyle

  • Haneda International Airport: A destination on its own
  • Wanted: Beauty queen with a heart that beats for the environment
  • Kim Atienza: At home with art and design
  • Life lessons I want to teach my son
  • Sweet party for Andi Manzano
  • Entertainment

  • Ex-Fox exec denies allegations in sex abuse suit
  • Kris Aquino backtracks, says Herbert Bautista and her are ‘best friends’
  • Summer preview: Chris Pratt enters a new ‘Galaxy’
  • Bon Jovi helps open low-income housing in US
  • Summer movie preview: Bay reboots ‘Transformers’
  • Business

  • McDonald’s 1Q profit slips as US sales decline
  • SEC approves SM’s P15B retail bond offer
  • $103M Vista Land bonds tendered for redemption
  • Oil slips to $102 as US crude supplies seen rising
  • SC stops Meralco power rate hike anew
  • Technology

  • Engineers create a world of difference
  • Bam Aquino becomes Master Splinter’s son after Wiki hack
  • Mark Caguioa lambasts Ginebra teammates on Twitter
  • Brazil passes trailblazing Internet privacy law
  • New York police Twitter campaign backfires badly
  • Opinion

  • One-dimensional diplomacy: A cost-benefit analysis of Manila’s security deal with Washington
  • No ordinary illness
  • Reforest mountains with fire trees and their kind
  • Day of the Earth
  • When will Chinese firm deliver new coaches?
  • Global Nation

  • No word yet on inking of US-PH defense pact during Obama visit
  • Filipina, 51, shot dead by 24-year-old American boyfriend
  • China, rivals sign pact to ease maritime tensions
  • Visa-free US trip? Do not believe it, says consulate
  • Obama visit to Asia seen as counterweight to China
  • Marketplace
    Advertisement