2 senators note ‘missing’ entries in Corona SALNs

By: - Reporter / @KatyYam
/ 01:04 AM May 16, 2012

Two senators who scrutinized the raw data that Ombudsman Conchita Carpio Morales submitted to the impeachment court noted at least one dollar bond fund, one dollar credit memo and four dollar deposits that were not reported in Chief Justice Renato Corona’s statement of assets, liabilities and net worth (SALN).

Sen. Teofisto Guingona III said the document submitted to Morales by the Anti-Money Laundering Council (AMLC) showed that Corona purchased a Philam dollar bond fund worth P27.933 million on May 17, 2004, but did not declare this in his SALN.


He said the records showed Corona sold this investment in May 2005 when it was already worth P28.377 million.

Guingona said the Chief Justice declared assets worth only P3.3 million in 2004.


Sen. Franklin Drilon noted dollar-denominated assets amounting to almost $1.9 million in other entries.

The senator said a dollar deposit of $57,000 was seen in an account opened on Jan. 14, 2005, in PSBank Cainta.

Drilon said a credit memo dated the following July put in an additional $15,000 to this account, giving it a balance of $72,242.44 by then.

He noted that this fund was withdrawn in 2008 but did not appear in Corona’s SALNs from 2005 to 2007.

Other assets that Drilon detected include the following:

A credit memo deposit

of $300,000 opened on


July 10, 2007.

A dollar deposit account that contained $455,210.07 as of Dec. 31, 2008.

A dollar deposit account of $768,733.96 opened on

Oct. 31, 2008, and withdrawn on Dec. 15, 2011, three days after Corona was impeached by the House of Representative.

A dollar deposit account

of $299,937.86 opened on

Nov 9, 2007, and withdrawn on Aug. 5, 2008.

Drilon said Corona failed to declare these deposits in his annual SALNs.

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TAGS: Corona impeachment trial, corruption, Ill-gotten wealth, Juan Ponce Enrile, Ombudsman Conchita Carpio Morales, Senate, Serafin Cuevas, Supreme Court Justice Renato Corona
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