PSBank to comply with Senate orders

In a statement, PSBank said it would comply with the Senate order for it to produce records of Corona’s accounts.

“We received the subpoena in connection with the impeachment trial and we shall appear in the hearing as directed by the Senate impeachment court,” said PSBank president Pascual M. Garcia III.

Tranquil Salvador III, a defense spokesperson, said PSBank officials must explain how documents pertaining to the dollar account purportedly owned by Corona ended up in the hands of the prosecution.

“We are concerned most specially with the source of the information,” Salvador told reporters before the start of the trial.

“To our mind … the banks should have some explaining to do because they hold (the bank records) on a confidential basis. Why did it come out?” he said.

A copy of the Chief Justice’s supposed specimen signature card which the prosecution attached to its February 2 motion showed that Corona opened a dollar account in PSBank branch on Katipunan Avenue, Quezon City, with an initial deposit of $700,000. Doris Dumlao