Ousted Chief Justice Renato Corona is confident the Department of Justice (DOJ) will throw out the P150-million tax evasion case against him, his daughter and son-in-law after the panel handling their case had completed its preliminary investigation on Friday.
After treating the public to a press airing of family problems better kept private, the Basa relations feuding with their cousin Cristina Corona dramatically reconciled on Day 42 of the impeachment trial of Chief Justice Renato Corona.
In a surprise move on Friday, the feuding family of the wife Chief Justice Renato Corona has reconciled right inside the session hall of the Senate trying the impeachment case of Corona.
Chief Justice Renato Corona spoke of his family’s preference to keep its financial assets and invest them in “foreign exchange” when he finally took the witness stand at his impeachment trial.
Chief Justice Renato Corona, whether found guilty or acquitted in his Senate impeachment trial, along with his wife Cristina and daughter Carla, will be made liable for usurping Basa-Guidote Enterprises Inc. (BGEI) from its stockholders and squandering its finances, according to an heir of the corporation’s majority stockholders.
Guilty or not in the impeachment trial, Chief Justice Renato Corona, along with his wife, Cristina, and daughter Carla, will have to pay for their “illegal takeover” of the Basa-Guidote Enterprises Inc. (BGEI) from its stockholders and for “squandering” its finances, an heir of the corporation’s majority stockholders said.
It all started when Cristina Roco-Corona entered the picture at Basa-Guidote Enterprises Inc. (BGEI). Since 1963, her father, Vicente Roco, served as BGEI president and her mother, Asuncion Basa, was board secretary. The stockholders never questioned the propriety of the actions of Cristina’s parents. For over two decades, everything was silent on the BGEI front. It turned out that it was only the lull before the storm.
They went to the Palace by the Pasig to verify reports that Cristina Corona, the wife of Chief Justice-on-trial Renato Corona, is about to fly the coop.
On Thursday, Cristina Corona belied circulating text messages that she will be leaving for Spain on May 19. After the Thanksgiving Mass and Octave Novena for her husband, Chief Justice Renato Corona, Crisina invited those who attended to join them at the succeeding Octave Novena Mass for the Chief Justice, which will end on Sunday.
“He has reached a point of no return. If he gets convicted, he would gladly accept it. If he gets acquitted, that will be a blessing from God.”
The wrangling between Cristina Corona and her relatives over the family-owned Basa-Guidote Enterprises Inc. (BGEI) Tuesday took center stage on Day 36 of Chief Justice Renato Corona’s impeachment trial.
Last month US-based Ana Basa flew to the Philippines after learning that the only surviving sibling of her father, her Tita Flory (Sr. Flor Maria) has a life-threatening ailment. The nun is one of the original incorporators of the Basa-Guidote Enterprises Inc. (BGEI).
The prosecution on Monday raised the possibility it would ask the Senate impeachment court to subpoena a bank deposit account of Chief Justice Renato Corona’s wife to disprove his defense that the money from the sale of her family’s property found its way into his three bank accounts for safekeeping.
