Corona ‘fresh deposits’ more than $12M—Ombudsman
By Maila Ager
INQURER.net
“I think my computation which was arrived at with the assistance of a CPA (certified public accountant) lawyer is that fresh deposits, which means they never moved, they remained in that particular (account) amounted to more than 12 million dollars…,” Morales said, based on the report furnished to her by the Anti-Money Laundering Council (AMLC).
Morales gave the statement when Senator Ferdinand “Bong-Bong” Marcos Jr. asked whether the total amount of Corona’s alleged dollar deposits in 82 accounts totaled $10 million.
“It’s even more,” said the Ombudsman in response to Marcos’ query.
Before this, Morales testified that Corona owned 82 US dollar accounts in five banks amounting to at least $10 million.
Citing the AMLC report, Morales said the Chief Justice also made “significant deposits and withdrawals on very significant dates.”
“The Chief Justice has at least $10 million in transactional balances. He has 82 US dollar accounts in five banks,” she said.
“There were significant deposits and withdrawals on very significant dates – during the 2004 and 2007 elections as well as the week he was impeached – December 12, 13, 15, 19, 20, and 22, 2011..,” she said.
Corona was impeached at the House of Representatives last December 12, 2011.
On the day he was impeached, Morales said Corona had a “time deposit for termination” of $418,193.32.
The said amount, she said, was added to a BPI account of Corona in San Francisco del Monte branch but that $417, 978.80 of the amount was placed in a regular fund placement.
Morales said Corona had only one dollar account in 2003, or a year before he was appointed Associate Justice of the Supreme Court during the time of former President and now Pampanga Representative Gloria Macapagal-Arroyo.
But in 2004, Corona opened 13 more dollar accounts and additional nine in 2005, or a total of 23 dollar accounts from 2003 to 2005 alone.
In 2006, Corona opened additional 12 dollar accounts, 35 more in 2007 and another 14 accounts in 2008.
So by 2008, Morales said Corona had a total of 49 dollar accounts and added another 14 accounts in 2009, bringing the number to 63.
From 63 accounts, Morales said Corona again opened 12 dollar accounts in 2009 and six more accounts in 2010.
“In 2011, he had 81 dollar accounts, and he added one account; that gives a total of 82 dollar accounts,” said the Ombudsman.
Corona was appointed Chief Justice by Arroyo in 2010.
Morales said Corona’s dollar accounts were spread in various banks in the country—eight accounts in the Bank of the Philippine Islands (BPI) in Acropolis, San Juan; 18 accounts in BP1-Tandang Sora; 34 in San Francisco del Monte; one in BPI Management Investment Corp.; eight in Philippine Savings Bank (PSBank) in Cainta; six in PSBank Katipunan; four in Allied Bank Corp.; one in Citibank; and two in Deutsche Bank.
Commission on Audit Commissioner Heidi Mendoza, who was requested by the Ombudsman to take over and elaborate on her analysis, said the total “inflow”of Corona’s dollar accounts amounted to $28.740 million from April 2003 to December 2011.
The total “outflow” consisting of withdrawals, debit memos, purchases, electronic payment, and outward remittances, Mendoza said, amounted to $30.758 million.
“As you can observe, the withdrawal is bigger than the inflow simply because we have to emphasize that these are the transactions captured by the AMLC,” she said.
“We are trying to show the circuitous movement of funds…there are many accounts created and all of them are in the name of the respondent,” Mendoza added.
Asked about Corona’s bank transactions in peso, the Commissioner could not initially provide an answer but she later told the Senate, “The peso account I was told reached around 242 million.”
Mendoza did not give further details on Corona’s peso accounts.
WOW!!! Posible kaya na may kinalalaman si GMA sa perang yan knowing na mahirap silipin ang bank account ng Chief Justice.
Nakakapagtaka din na alam naman ng defense na irrelevant at immaterial sa impeachment case ang sasabihin ni Ombudsman CCMorales, bakit isinalang pa. Ayan tuloy, putok sa mukha nila
Looking at the graphs, a trained financial analyst could easily conclude that Corona could have been running a money laundering operation. Since you get report from AMLC only for amounts bigger than $10,000, why did he have to withdraw to open an account then later returning the whole money to the first account? Because there are several transactions below the $10,000 hurdle rate that are not reported.
Hence the graphs of Morales show only a portion of the whole story. I am almost sure, there are several times more numerous transactions than the 720+ presented in the Senate that do not reach the AMLC at all.
This whole gamut of masterfully handled dollar bank accounts further debunks the defense’s excuse that Corona committed an honest mistake when he omitted several items on his SALN due to unfamiliar accounting methods.
Remember VERA Files had a story last March on the Ombudsman’s request to AMLAC for information on Corona’s dollar account? Check out your comments in that thread.
Our source said the amount was mindboggling:
“One of the dollar accounts reportedly showed an initial deposit of $700,000. Sources, however, said the sum of the dollar deposits was ‘mindboggling.’
Here’s the link:http://www.ellentordesillas.com/2012/03/19/ombudsman-asks-anti-money-laundering-body-for-coronas-bank-records/
The revelations tonight were really mind-boggling as the title suggests. I was prepared to make a final judgement of “guilty” against Corona based primarily on whatever year-end balances there were in the PSBank accounts that were not reported and the machination of the Basa-Guidote wealth.
Tonight we saw that all these were mere peanuts compared to the millions dollars that passed from one account to another.
Even active forex traders do not have those numerous bank accounts in the same bank. I’m surprised BPI has allowed such transactions for almost ten years.
Ellen,
Corona’s lawye’s were not the only ones caught flatfooted by the Ombudsman’s testimony about Corona’s 82 dollar accounts. Someone else was floored.
The note below was nailed to my door after the trial adjourned for the day.
“Walang hiyang Rene yan ang dami niya palang dollars, inutang pa nya yung perang nanggaling sa lupain ng pamilya ko.” – Mrs. C.C.
Oh my…so this is the reason why the Goyang is again seeking surgery overseas.
I can’t even imagine the ‘mind-boggling’ amount of Corona’s $$$ kaperahan. Nalulula ako!
Labandero number 2 si Atong, second to the ipdyi and pandak. Kanino kayang tunay ang $ assets ni Corona (kunwari ay nagtatanong ako.)?
Isalang na sa witness stand si Atong, let’s hear his lies.
Kung kanya lahat ang $ assets nakakapagtaka kung saan-saan galing ang mga ito. Kung hindi kanya, mag-asawang korap ang mahihila kasama nya sa presuhan.
Akala ko ang mga generals lang ang laundromat ni pandak, pati pala itong mga justices ginamit din niya.
Ano ang ginawa ni fatso sa HK at Japan? Kumuha ng investor kuno! Or did he just move their funds around.
Parang mafia yang mga yan.
Mukhang lumalaban pa si Corona. First he said he had all the income to prove he could buy the real estate properties. Then he says he borrowed money to buy some of these with the wife’s family assets. Then he said he did not declare the real estate in the year he bought them coz of some issues on the condition of the real estate units. Mukhang puro palusot and ginagawa niya. Ano naman kaya ang sasabihin niya ngayon tungkol sa mga dollar bank accounts na ito? Baka may gumamit ng pangalan niya o kaya baka sasabihin niya na pera ng Supreme Court yang mga yan na i-dineposit niya sa accounts niya. Kung matutuklasan, eh di ibabalik. Kung hind naman, eh di kanya na!
Co-mingling of funds kung sakali ang ginagawa ni Corona. Personal funds should be separated from his personal funds and these accounts should be labelled as business accounts and not his personal accounts. Also, business accounts should be opened with the officers of the business and not just Corona. This will prevent suspicions of misuse of funds.
Timamaan daw nila ang jackpot sa Mega Lotto. Tahimik lang daw sila dahil ayaw magbalato..
Yes, Ellen. My comment in that March 19 blog entry was
But as early as Feb 7, I was already pushing for this AMLC route
At this time Tupaz and gang appear clueless on how to get the dollar account evidence admitted after the SC TRO.
The hearing was nearing its conclusion and it appeared like the AMLC angle would not be utilized at all. Until the monumental blunder of Atty. Jose Roy to subpoena Morales.
Buhay pa ba si Atty. Roy? hehe
I agree with Tongue, Corona was not cautious like his fellow crooks one of whom who just flew out to NRT and return via HKG (sa HKG pa, have people check CTB and HSBC and you’d find a lot).
Corona was arrogant and thought that being CJ is a for life setup. And that the idea that he can’t be investigated since he must be impeached first is why he thought he need not do what GMA and FG do.
Alas, he miscalculated.
Ang sad dito, he was still arrogant that he did not trust his (probono — the must be complaining now) lawyers with the truth which could have given him a different approach on this whole drama nor did he thought about his family.
Not only are his kids’ name on the headlines, the kids now have to face the US authorities. Did Carla declared the BGEI in her 1040?
I’m not advising Corona nor future crooks to quit while ahead since i advocate a cleaning process by having someone set as an example, but dear sweet !@!$#!@$#, di ba nya naisip anak at pamilya nya?
#2 Good point. What was only captured was the >Php500k or in international standard, >$10k.
Yung mga 8K, 9K, 5K, not recorded.
In fact, the beginning balance was not available since they were made with a starting amount below
The Transaction log by the AMLC is not the passbook. To really see the history of the account, the passbook is the best bet.
But then again, we don’t need it. The very fact there was a single trigger is enough to ask, why was there $10k? Nasan nangaling, at nasan napunta? At bakit wala sa SALN.
Can Corona explain this equal to the 700+ times a trigger occured?
He can but that meant he would admit to something we all know.
I think this passage is very important:
“Morales said Corona had only one dollar account in 2003, or a year before he was appointed Associate Justice of the Supreme Court during the time of former President and now Pampanga Representative Gloria Macapagal-Arroyo.
But in 2004, Corona opened 13 more dollar accounts and additional nine in 2005, or a total of 23 dollar accounts from 2003 to 2005 alone.”
This is key to me since at face value, being promoted to the SC is a sign that you will get oodles and oodles of $$$.
That also meant the current SC justices has oodles and oodles of property. If the justices does not “punish” or disown Corona, then people would be questioning, if Corona had this transformation, the rest must have too.
The Justices must now realize that if they protect Corona, they are only guilty not by association.
I meant, business accounts should not be co-mingled with his personal accounts.
Corona will be swimming on his own this time. Kung makikisawsaw pa yung mga ibang justices, baka masabit pa sila.
Buking na bukingf na nag itong si Corona, humihirip pa!
Tongue: “The hearing was nearing its conclusion and it appeared like the AMLC angle would not be utilized at all. Until the monumental blunder of Atty. Jose Roy to subpoena Morales”.
Umikot ng full 360 degree ang karma tinumbok si Corona. Napanganga na lang si Roy sa powerpoint presentation ni Ombudsman Morales.
Too hot to handle ang hostile witness ng depensa, yan ang girl power. 🙂
Chi – Taray power too. 🙂 like i said, at times it is effective.
Chi, nagulat silang lahat kay Ombudsgirl, pati prosecution!
Shock and awe bullshit ng mga alagad ng sinto sintong pekeng presidente:
MORALES’ TESTIMONY DID NOT PROVE ANYTHING!
http://dangersigns.blogspot.com/2012/05/morales-testimony-did-not-prove.html
Its such a pity that certain datinglalaki is blinded by what is already in front of him/her.
Blinded na siguro.
I’m glad generally people are not like him/her. Just probably the select few who needs mental help.
chijap/psb, actually pati ako nagulat sa ombudsgirl. Natupi pati si Bongbong samantalang si Jinggoy ay walang ginagawa kundi magpugay, hehehe.
“A long accounting made by Ombudsman Conchita Carpio-Morales of various funds movements between 82 bank accounts across several banks to the name of Chief Justice Renato Corona over a period beginning 2003 through 2011 revealed an anticlimactic bottom line: total funds moving into the Corona accounts over the period amounted to USD28.7 million while total outflows amounted to USD30.0 million. Assuming that the beginning balance in 2003 was zero, that amounts to an ending balance in 2011 of minus USD 1.3 million.”
So, nasaan yong $10 Million ni Corona?
Ang ginawa ni Carpio ay presentation ng transaction (Statement of Cash Flow) at hindi Balance Sheet account.
Ang magandang halimbawa ng Statement of Cash Flow ay yong checking account. Sa checking account ay may deposits (inflow) at withdrawals (outflow).
Ang magandang halimbawa ng Balance Sheet ay yong savings account mo, dahil talagang sa iyo yon. Yon ang ginagamit sa deposit Balance Sheet account under current asset as Cash Account.
E paano yong checking account, may papel ba yon sa Balance Sheet account? Mayroon, normally, assuming it is an interest bearing account then the interest will be included in Balance Sheet but it can be offset by transaction fees of the banks like transfer fees between banks. So, interest will not show up on Balance Sheet.
http://getrealphilippines.com/blog/2012/05/ombudsman-morales-testimony-muddles-rather-than-substantiates-prosecution-claims-of-corona-dollar-holdings/
Sorry mga Igan at magpapa interview ulit si Thief Justice kay Clavio at ang palusot ay GALING ang $ niya sa anak niyang nag work sa U.S. he,he 🙂
Tandaan ninyo may 82 dollar accounts siya eh papaano na sa ibang bansa ilan kayang dollar account ang mayroon siya. Iyung pinang bili niyang bahay sa Florida at California. Tumatanginting dollar rin iyun.
Kung ako kay Thief Corona ay sibakin ko na ang mga ABOGAGO niya at kukunin na lang ang serbisyo ng “AVENGERS”.
Kaso para sa kabutihan ang “Avengers” eh.
Gayahin na lang niya si Reyes.
Kung may natitirang balance yong checking account ay kasama din yon sa balance sheet pero sa testimonya ni Carpio ay walang natitirang balance yong dollar account ni Carpio kaya wala talagang mailalagay sa Balance Sheet ni Corona.
Lumalabas pa nga ayon sa testimonya ni Carpio ay may utang pa si Corona ng $1.3 Million sa dollar accoount nya.
…dollar account ni Corona imbes na Carpio….
#25 and 27, so the question remains, why wasn’t any of these in the SALN?
You do know there are two sections: assets and LIABILITIES.
In your own analysis, Corona (as Enrile puts it during speaking with Roy) is guilty of not declaring the foreign currency in his SALN.
Do you still not get it?
Hindi pa rin nawawala ang mga masasamang tao kahit na sagad pati sa buto ang pag ka bisto ay ang sinasabi nila ay hindi pa rin na papatunayan ni Morales??? ang dollar account ni Thief Justice / ano kaya ang mga utak nito….
What made the Corona camp think they could make Corona smell like spring flowers by presenting Ombudsman Morales and the results of her data gathering?
I’m not a lawyer, so I can’t see the logic of such a move.
What my non-lawyer eyes see though is a mindboggling blunder.
Corona is now in deeper s___t. Now up to his eyeballs.
This was one more giant step towards clamping the Gloria-Mike- Corona mob behind bars (unless we fall for their “doctor, doctor, I am sick” ploy).
The unanimous decision of the Senators to hear out Morales’ Power Point Presentation was the clearest display of where this trial is going and how it will end. It seems Joker, Miriam, Marcos and other Gloria allies have surrendered and could no longer hold back the tide.
Morales’ data may be a bit rough yet but I’m sure they will get clearer in the next few days as more financial and bank experts start to analyze and interpret these figures.
It will put Corona still deeper in s___t.
Corona should just resign forthwith so the country could move on.
Ang nangyari kahapon sa depensa ay kumuha sila ng hostile witness na magbabaon pala kay CJ. Sumabog sa pagmumukha nila ang dapat sanay option lang para ma delay ang pag-upo sa witness stand ni Corona. hindi umubra kay Morales ang panglilito at paikot ni Cuevas.
wawawaw! di bag is out op di cat!
humihirit pa?
resign?
hindi magre-resign ‘yan. hangga’t merong natitira sa defense team ni corona na handang magkandapilipit ang dila at ngumiwi ang mukha sa pagtatahitahi ng kasinungalingan upang siya ay mapagtakpan at/o umasang makakalusot ang kanilang mga palusot ay HINDI aalis sa puwesto ang PINAKAGARAPAL na naitalagang punong mahistrado ng katulad niya ay PINAKAGARAPAL ding naging pekeng punong ehekutibo na hindi kailanman hinalal ng tao.
much better if he does a reyes. pero mas maigeng magpasagasa siya sa tren sa pamamagitan ng pagtatali ng sarili paayon sa riles upang kapag nahati ang kanyang katawan ay doon husgahan kung aling kalahati ang nagsisinungaling at alin ang nagsasabi ng katotohanan.
$12M??? Mindboggling talaga!!!
Parang nabigyan siya ng porsiyento ni pandak dun sa naunsiyaming NBN-ZTE deal. O di kaya porsiyento iyan ni Corona mula kay Pandak sa pagbenta nila ng National Patrimony ng Pilipinas. At iyan ay para magkaroon ng mas makapal na insulator si pandak mula ng mga gusto siyang ipakulong. Kung $12M iyan, magkano kaya ang sa magasawang traydor???
GMA to file urgent motion for treatment abroad
http://www.abs-cbnnews.com/nation/05/15/12/gma-file-urgent-motion-treatment-abroad
takbo, goyang, daliiiiii!!!
he he he heeeh!
kinikilig na pati gilagid ng bruha dahil alam niyang unti unting nahuhuli sa sariling kasinungalingan ang kanyang itinalagang manghaharang sa lahat ng kasong sa kanya ay isasampa.
sari sari ang kumakapit daw na sakit at kailangang sa abroad dahil hindi kaya ng mga doktor sa pilipinas.
ginawa na niyang tanga sa loob ng sobrang siyam na taon ang buong sangkapinuyan at ngayon ay muli na naman niyang gagawing engot sa pagtatahitahi ng kung ano anong uri ng panibagong kasinungalingan.
ganyan talaga. kung noon ay parang buhos ng LBM ang grasyang kanilang pinagsalusaluhan, ngayon naman ay parang balong ng uod na umaapaw mula sa bulok na inodoro ang inaabot niyang paniningil mula sa sambayanang kanyang hinuthutan nang matagal!
ganti ganti kasingulaingan magbayad ang magnanakaw!
ganti ganti kasinungalingan magbayad ang magnanakaw!
pasensiya na po. bulol na ang nirarayumang daliri.
The article xman quoted has a point. The cash inflow outflow method balloons an amount, making it look bigger than what it actually is. The balance method should be employed.
Consider this. I have three bank accounts, all in my name. There is SNV Trust, a trust account for money I receive from clients, for the payment of filing fees, as well as money I receive for and in behalf of clients – areglo halimbawa ng kalaban; say an insurance company, sa clienteng nabangga, paid to me, to give to my client.
Then there is SNV Business, for money of the practice, which by law, must be separate from money held for clients.
Then I have SNV personal, yung personal ko. I take money from SNV Business, and put it in my personal account, para sa bahay, etc.
Suppose there is a settlement for a client of $20,000. He gets fifteen, I get five, as contingent fees. Because the cheque is a lump-sum of 20k, I have to deposit it in the trust account, and let my trust account pay my business account. Those are the rules; violation is a ground for disbarment.
So, 20k goes to the trust account. I now pay the client 15k, and my business account is paid by the trust account with 5k. Since this is earned already, I move the 5k from SNV business, to SNV personal, para cuentas claras. Akin na yan, hindi pangbili ng paper and ink of the business. Then, from my personal account, I use the 5k to buy a second-hand car.
So what is the total inflow-outflow?
20,000 settlement to SNV trust
15,000 from SNV trust to client
5,000 from SNV trust to SNV business
5,000 from SNV business to SNV personal
5,000 from SNV personal to second-hand car dealer
50,000 total inflow-outflow
Now suppose I have 1 million, and buy Treasury Bills ten times in the year? That is an inflow of 1 million, outflow to bank of 1 million to buy Treasury bills. After a month, there will be an inflow of 1 million again, when I cash the treasury bills. If they are 31 day treasury bills and I do this ten times in the year, there will be an inflow-outflow of 20 million out of my measly one million.
And here, we are talking about inflow-outflow for eight years.
Gets ba? Shocking di ba? Para yang pinakita ang pictures ng rape victim, in all the gory glory, to incense the jury, to impose the death penalty.
There are lies, damn lies, and statistics. There is the balance, cash flow, and misleading powerpoint presentations.
Nagoyo si Conching ni Heidi.
Like I keep telling American friends, in the Philippines, when you can’t do math, you go to law school.
That includes yours truly.
Linguistically lang, kita na ang panggogoyo.
Inflow-outflow. Labas-pasok.
Ano ang lalabas? Yung pumasok. So kung bilangin mo yung labas pasok ng tao sa mall, madodoble, dahil kung sino ang pumasok, siya rin ang lalabas.
Sorry sax it isn’t that easy, in this case 720 yung transactions na-qualify for CTR (Covered Transaction Reports) ng AMLC. Meaning there is a large portion, possibly larger, for transactions below the $10,000 minimum.
The possibility of the double takeup has already been debunked by Morales after consulting with COA accountants and this she explained several times to the senators after her testimony tonight. She called it transactional balance meaning if the transfer of same funds is circuitous, only the last one is taken up.
The fact that the overall balance appears to be negative only means that at the very least, $1.3M was never reported because of transactions not covered by CTR.
But what can be concluded is that some bank accounts that crossed over to the next year and do not appear on the SALN. Those mentioned by Guingona, Drilon and Pangilinan are just some of the instances that although many of the accounts were short-lived (one time transaction), there were also many that regularly moved huge amounts.
I’m quite familiar how forex traders work but I’ve never seen so many bank accounts all in the same bank under the name of the same person. Abroad it would have triggered serious AMLC investigations. Here, its disgusting that banks like BPI, PSBank, Allied Bank, Deutsche Bank all allowed multiple account to a single client for as long as 8 years.
Sabi ko na, Corona was betting on mutual funds.
There were transactions that referred to “Philam Funds” by Morales which explains the accounts in Deutsche Bank. Deutsche Bank is the transfer agent for Philam Asset Management. Since this is a dollar account, I assume it is the Philam Dollar Bond Fund.
That is why I said it was interesting that Osmeña wanted to subpoena PSBank top guy Art Ty. But it never happened. I knew that Corona, being a former bank exec, SGV exec, etc and having all that financial savvy, would just park his money in an ordinary low-yield PSBank savings account.
That is why I was much disgusted with the manner the prosecution investigated Corona.
My hunches finally were proven right.
#31. Phil, I would guess the defense presented Morales thinking the lady had no bomb. The defense was short of vision and underestimated the capacity of the Ombudslady to gather information/papers. They were shocked and awed, may AMLC papers/info pala!
Sorry meron din nga palang PAMI Global Fund ang Philam sa dollar denominated mutual funds. Ang kaibahan nito dun sa PDBF ang minimum investment nito ay $5,000 while yung PDBF $2,000 lang. Yung naka-“in” noong 2009 nakajackpot dito sa PDBF dahil 17.77% yung earnings.
Actually chi, katangahan pa rin nila. Paano kung tama nga yung hinala nila na walang baraha si Morales? Bakit pa sila humingi ng 2-day recess? Nakagawa pa tuloy ng remedyo si Ombudswoman. E di kung ako si Carpio-Morales, tatawagan ko si AMLC para sa detalye, si Heidi Mendoza ng COA para sa presentation presto, meron na akong testimony! May 2-day rehearsal pa ako.
Kung nambobola lang si Carpio-Morales noon sa media tungkol sa dollar accounts e di nahuli sana nila!
Thanks Tongue for the clarification #42, 43.
So when can outflow not come from inflow? How do I write a check that does not come from money I had earlier deposited in the bank?
Tongue, hindi na yata gumagana ang utak ng sexy scholar Karen. It seems the defense already lost its track. How can they defend the indefensible nga naman?
Want to download the graphs? http://www.scribd.com/blogwatch/d/93569985-CJ-Corona-Dollar-Account-Power-Point-by-the-Ombudsman
From the looks of it, even the defense team do not know the details of Corona’s account. If they did they would have never in their imagination subpoenaed Carpio-Morales diba?
sax, all outflows siyempre would come from inflows.
What I’m trying to say is you cannot get all the details from a mere AMLC report dahil merong exclusions – yung below $10,000.
Kaya nagkaroon ng apparently negative balance kasi hindi naman lahat ng transactions covered ng AMLC report diba?
Remember, placements in dollar bond mutual funds are in multiples of $5,000 or $2,000. You will never see those in an AMLC Covered Transaction Report.
Do not be confused by the noobs at getrealphils na kinoquote ni xman.
I am not interested in the negative balance. I want to see how the reckoning was done.
So if all outflows come from inflows, then you actually doubly count the money, when you do an inflow-outflow total.
Eto pa yung hardcopy nung Powerpoint. + Summary
http://www.scribd.com/doc/93612791/Ombudsman-Morales-PowerPoint-Presentation
It is impossible to verify even if you have a copy of the 720 items in the CTR.
#51. Oo nga, Tongue. Sabi nga ni Ping, “only he (Carona) knows”.
You can only see the whole picture IF Morales will file a plunder case against Corona in the Sandiganbayan after the impeachment.
Surprise, surprise! The defense panel subpoenaed Morales not knowing her testimonies will push them in their own trap. Lead counsel Cuevas tried hard to save the day for the defense by repeatedly raising objections to their own witness. Indeed, that’s their own bomb exploded right on their faces. Just like a friendly fire that kills.
#39 thank you for the explaination but a couple question arise when the logic you presented is templated onto Corona’s way of life:
(1) Was Corona still running a trust account for clients? Meaning is he still a practicing lawyer? Pede pa ba sya maging lawyer for clients when he is a judge, much less a chief justice?
(2) A business account may (probably) be under your name as the lawyer on behalf of a client. So the money that was
(3) As you said so yourself, Sa lahat ng pera na nabanggit sa in-n-out (no pun intended for that CA burger joint), meron pa rin napunta sa iyong account for payment of fees, etc as lawyer. In short, merong Dollar si Corona, correct?
I disagree these are lies. Nor did Morales or Heidi got it wrong nor deceived people. They have been clear, the money mentioned is transactional money. The beginning balance and ending balance is not available and Corona i think will never reveal it.
1. Alam kaya ni Mrs. Corona na may ganyang kalaking pera ang asawa niyang Rene?
2. Ang dami naman palang cash ni Corona, bakit kinailangan pa niyang utanging yun pera ng BGEI?
(2) A business account may (probably) be under your name as the lawyer on behalf of a client. So the money that he kept for his wife’s BGEI meant he was BGEI’s lawyer?
@#25,
Medyo malabo naman yun link mo kay Benigno. Eto mula sa post niya:
“What exactly was the nature and approach of this “computation”? Did it involve any known form of mathematics? Perhaps rather than rely on PowerPoint slides prepared by an underpaid clerk, Morales should instead enlighten the court on the equations she may have applied to the task.”
Obviously hindi nakinig si Benigno sa testimony ni Morales. Pero meron namang transcript sa http://unofficialtranscripts.wordpress.com/. Obviously hindi binasa ni Benigno.
O pwede din naman na pinakinggan niya si Morales at binasa pa niya ang transcripts pero hindi pa din niya naintindihan ang paliwanag ni Morales tungkol sa methodology na ginamit niya.
Eto ang sabi sa transcripts:
“Methodology
Recording of reported transactions into specific bank accounts; posting of individual amounts under specific debit and credit column using the transaction codes as guide; summarizing all the debits and credits which are basically the inflows and outflows of funds followed by the computation of net inflow/outflow; marking of abnormal balances such as withdrawals where there are no apparent entries under the debit column; preparing individual schedules, summary of transaction per account, summary of account movements, inter and interbank schedule of net flows, supporting schedules for significant observations.”
Kanina, Martes ng hapon, pinaliwanag ulit ni Morales kung bakit hindi pwedeng nadodobol counting siya.
Sinabi kung ang isang account halimbawa ay nagpakita ng withdrawal na P1M at dineposito ito sa ibang account tapos yun 1M ay winithdraw ulit at ibinalik dun sa original account P1M lang ang magiging summa nun. Kung yun 1M naman ay pinadaan muna sa iba pang mga account bago ibinalik sa mother account 1M pa din ang summa dun.
Sa madaling salita yan ang ibig sabihin ng “fresh deposits” na tinutukoy ni Morales. Yun lang mga bagong deposit/withdrawal ang binibilang at hindi yun mga paikot-ikot ng lumang deposit/withdrawal.
Eto ulit ang methodology: “summarizing all the debits and credits which are basically the inflows and outflows of funds followed by the computation of net inflow/outflow; ” NET inflow/outflow ang binibilang. Anyway basahin na lang ni Benigno ang transcripts ng hearing kanina. Siguro lalabas na yun bukas, para maliwanagan siya.
At tama ang sinasabi ng ilang sa comments sa taas. Ang kwestyon ay kung dineklara ba ni Corona yun mga dollar accounts niya o hindi? Ang halaga, at ayun ito kay JPE, is immaterial.
So tignan natin kung papaano ipaliliwanag ni Corona na yun accounts na nakapangalan sa kanya ay hindi kanya kaya hindi niya idineklara.
chijap:
I gave myself as an example, not to imply that Corona did the same. He has no clients, because he is not practicing.
But my post shows that the total of cash-in plus cash-out will balloon a small amount.
Like I kept posting for so long, whether piso or one billion, something was not reported. So is that a betrayal of public trust or not? Legal lang ang issue, hindi factual.
Yang malaking halaga, panggalit lang sa tao yan, like showing the wounds of the rape victim to incense the jury. In this case, the unofficial jury is the madlang people, and maybe some senators. Kapag nagalit, guilty ang verdict. Playing to the emotions yan.
Of course, pinain ang nalaking halaga. Kagat naman si Roy. They played into the hands of the prosecution.
Noon pa lang sabi ko na I would have filed a demurrer to evidence. But of course, that is not exciting. Legal briefs are not sexy before the TV cameras.
#62 Lawyers Roy and Cuevas would not look sexy in briefs anywhere!
Pinipilit na naman ni pandak pumunta sa ibang bansa para maoperahan. Naaamoy na kaya ni pandak yung verdict kay Corona? Mawawalan siya ng “protector”. Wala ng gagawa ng instant TRO para makatakas siya.
Take note that it’s on 2004 and 2007 dumami ang $$$ account ni Corona, it being election years… My take is mayroong kutsabahan and that the transactions were being handled by people in the palace near the river na masangsang ang amoy.. Itinago kay Corona dahil alam nila safe na safe because of the dollar account secrecy law at dahil his SALN ay never mabubuking.
hindi kaya na part ng mga dollars nya,ang mayari ay si pandak at fatso?
Oblak,,,,,,,ang sinabi ni Ombudsman Morales ay fall under complain # 2. SALN ay malabo. Hindi nagsasabi ng totoo. Tama ang deduction ni parasabayan na alumpihit na si GMA na makalabas ng Pinas at babalik na lang kapag iba na ang naka-upo sa Malacanang. Dahil na aamoy na ang conviction ni mandarambong Renato Corona. Kundi ba naman dinugas pa ang kakapiranggot na negosyo ng mga Basa. Take note mga kabayan: Kapag wala na sa poder si Renato Corona maglalabasan na ang mga lihin na nakatago. Marami kasi ang play safe dahil naka upo pa si Corona. Malamang pati si Fredie Webb ay mababanggit at malamang na madamay.
#62 You may be right about playing with emotions but sometimes you need to. I really don’t find it anything wrong by indicating the volume of transaction Corona had which triggered the AMLC logs.
That sometimes includes now when we are catching a sneaky fellow like Corona.
If you are honest and is very transparent, even if you had to handle a transaction say $1B for say a foreign multinational company you are rep’ing since they don’t have a Manila office, then there would be no calling for other’s bluff to prove that the $1B in and out flow was not nakaw na pera.
As you can imagine, Corona’s approach was different. He prefers not to speak and has not spoken and instead simply say everybody is a liar.
The way to correct that is to speak up. OF which 99% of me says he will not sit on that chair. He would remain quiet thinking he is protected by bank secrecy law.
Keep in mind, Ombudswoman clearly ask Corona to explain the $10M. Corona’s tactic was simply to shrug it off.
Dyan sya nagkamali.
Tama ka jan vonjovi2, gayahin na lang niya si Reyes.Kaso walang military courage si Corona na tulad ni Reyes para gawin yun.Kumanta na lang siya ng La Paloma. Masabit na ang masasabit. Nakakasalag pa eh.
Starting balance. Heavy or not, there is a starting balance from which withdrawals can be made.
There are deposits below the threshold that banks report to AMLC and that the latter in turn log.
The point of the whole thing, as far as the impeachment trial is concerned, is that the positive values as of December 31 at a given year were not reported in the SALN. Some senators already pointed these out yesterday.
Starting balance. Heavy or not, there is a starting balance from which withdrawals can be made.
There are deposits below the threshold that banks report to AMLC and that the latter in turn log.
The point of the whole thing, as far as the impeachment trial is concerned, is that the positive values as of December 31 at a given year were not reported in the SALN. Some senators already pointed these out yesterday.
There are deposits below the threshold that banks report to AMLC and that the latter in turn log. Meaning, there are deposits not caught by AMLC’s radar. Add them to become the “starting balance”.
Baka magoyo tayong lahat ng #39 mo…”when you can’t do math”.
Sax, or any lawyer in the board: a question —
Why did Roy push to talk about the $10M? Was it an order by the client or he/Cuevas/team really thought, empty yung kabila?
Did they not really thought of AMLC?
Just wanna run this by any lawyer’s point of view.
Isang pananaw, Sino ba kina Ombudsman Morales at CJ-Corona ang credible, ang nagsasabi ng totoo??..Ang nagsalita at umupo bilang witness ( Ombudsman ), at handang mag-paliwanag, sagutin ang mga dapat na tanong ng tatlong panig ( Senate Judge-Prosecutor at ang Defense, e.g…), at dala ang mga dokumentos na mahirap ” dokturin ” ?..pinaliwanag pa ng husto, sa tulong ng AMLC at ni Comm. Heidi M.. at, 0,…ang Isang, takot humarap sa mga hurado, at nagtatago sa pamamagitan ng media-TV-coverage at nag-papamisa, humihingi ng milagro galing sa langit,..at kapit-na-kapit sa damit, at mga “daliri” ni Atty Cuevas, hepe sa panig ng depensa…Halos, pa-artista at paiyak-iyak pa, humihingi, ng awa galing sa mga Obispong ( nakinabang din sa panahon ni GMA )…
Walang “bulok” na gawain ang di sisingaw, tiyak lilitaw ang mga ” microbyo ” ng pag-sisinungaling o di pagsasabi ng totoo…Yong isa nga na-karma na, sumingaw sa “batuk” at kasu-kasuan, halos mahati na ang leeg, ngayon gusto pang humingi ng another, TRO, para ma-iwasan ang ” tinik” ng Corona….yong isa naman, ay nagmadaling tinapus ang sariling-buhay, sa puntod ng Ina !…
Dapat, ilabas na ang lahat ng “kabulokan”, kung mayroon man, para gumaan naman ang takbuhin ng gobyerno… Enough is enough !!…God Bless the Philippines, at mga Pilipinong nangarap ng pagbabago sa kabuhayan nila, at para sa mabubuting kabataan, sa darating na panahon…
MABUHAY KA RUDOLFO #75
Corona had the financial and legal know-how, but how come he was not able to keep all those inflows and outflows out of the AMLC’s radar?
If he had kept his inflows and outflows small (below the ALMC’s P500,00 or $10,000), he could have escaped the ALMC’s radar requirements.
Masyadong abusado sa kapangyarihan si Sen. Santiago sa panenermon at pati ang respetadong kagaya ni Conchita Carpio-Morales ay hindi pinalampas. Naghahanap ba siya ng katotohanan o isa siyang hadlang? Nakabuyangyang na ang katotohanan pilit pa ring hinaharang sa pag question kung hanggang saan ang scope of power ng ombudsman para utusan ang AMLC na e furnish ang records ng dollar deposits ni Corona. Hindi raw sinunod ni Morales ang procedures. Hindi kasi nakaporma si lolo Serafin kaya on the rescue si Brenda. Doon na lang siya sa China makipagtarayan kung talagang astig siya.
But I guess it would be too laborious to keep transactions small when one has millions upon millions to hide and move around, huh?
Corona would probably have to have hundreds of accounts to open and maintain if he were to keep his transactions below the radar.
But maybe Imelda or Bongbong can give him a few pointers.
The Senators in yesterday’s session practically echoed each other’s concerns. They were scared of the Ombudsman’s power to dig information about public officials’ illegal acts.
I don’t blame them. They should be scared.
That’s the whole idea of having an Ombudsman, isn’t it? Scare would-be violators of the law so that they don’t violate the law?
And if they violate the law, the Ombudsman should be able to dig information about their suspected illegal activities. Within parameters, of course.
But expect these present and future senators and congressmen to now amend the laws to tie the hands of the Ombudsman.
Once and for all its time for Corona to face the music. Take the witness stand!
But why should they be so scared of the Ombudsman?
A politically biased,or an abusive or an incompetent Ombudsman can always be impeached. We just did it recently to Merciditas.
Kaya lang she resigned before she could be hailed before the Senate.
Phil re #80. They will amend and design it according to their interests, benefits and safety.
Agree, Dan.
As usual, it is “I love my own, my native interest”.
I almost fell asleep yesterday listening to Senator Alan Peter “Companero” Cayetano.
His questions and his apologies and history of why he has to ask this and that question gets gets as monotonous, as confusing and as kilometric as his name.
His sister Pia, Senator Honasan are of the same mold. And Bongbong too. Kilometric and confusing.
Joker gets me thinking of old warriors captured and turned into slaves by the dark forces.
But Miriam gets me nauseated.
http://www.abs-cbnnews.com/nation/05/16/12/amlc-report-fabricated-cj-defense
The latest game plan by Team Corona: claim the AMLC log is a fabrication.
Ayus diba?
#86: chijap
The Corona camp apparently wants to again drag this thing out as they had always planned. Now they will probably call these additional witnesses from ALMC and the various banks.
“We will present the Chief Justice. We will. We will. In due time. In due time. In due time. Last week pa sana. Next week na lang. Next week na lang.”
Quicho is one of the two Corona lawyers i hate listening to. His logic is unsound. The other is Roy but i have to thank him for putting his foot in his mouth.
That is the gameplan apparently. To discredit everything. But let me ask this question: how can branch manager speak when the customer hasn’t spoken or given his consent? Ano yan? Chicken and Egg?
Dapat isunod na si Corona.
Corona can not hide the truth. Nabuking na sya na meron talaga syang tinatago. The more he remains silent, the more the amount goes way up.
when one is caught on his own trap, he becomes rattled and tongue-tied. this is what is happening to the good CJ.
corona always says he will take the witness stand in due time which is very long overdue and the people like us are very much eager to hear his side, talking from his own mouth and not from his defense team whose mouths are continuously overflowing with trash!
sige kayo. baka mainis ang tao, wala nang makikinig sa inyo at manonood ng pagtestigo ng punong mahistrado.
chijap,
How about this desperate ploy? “That Renato C. Corona is not me!”
The verbal exchange and quips between legal titans Miriam and Morales was like watching an Olympic event. Miriam was as usual combative and vociferous in trying to trap the cool but witty Morales. This was the first time I saw Miriam trying hard not to shriek and pull her hair out.
I like the final seconds of their snappy exchange:
Miriam: “Do not argue with a senator-judge.”
Morales: “I’m sorry. Mea culpa.”
Miriam: “Apology accepted.”
Morales: “Noted.”
May dalawang option pa si Corona. Mag resign na agad o mag ala Angelo Reyes!
Dan1067,
Iyung boto ko sa two options ay ganoon pa rin at di magbabago katulad ng sinulat ko sa itaas na.
Gayahin na lang niya si Reyes…
Iyang $12 millions ay di pa kasali ang bank account niya sa overseas at ang pinang bili niya ng bahay sa Florida at California.
Miriam galit kay Morales dahil mas mukhang babae at maganda sa kanya kasi he,he :-O<3
Actually there were three legal titans this week. Their styles are different.
You wind up the Cuevas doll and it starts finger punching the air and starts to chatter and recite the same monotonous lines from beginning to end. The doll is predictable. In his exchanges with Morales, the Cuevas doll came out blunt. He was shocked and awed by Morales. He met his match.
You wind up the Miriam doll and it starts spewing legalese and starts screaming and shrieking. But the Miriam doll too was held in check by Morales. The doll did not flare up like a screaming meemee when she couldn’t trap Morales into submission. The Miriam doll had met her match too.
The Morales doll’s personality is her advantage over the other two. It has combined legal know-how and experience with a cool but charming wit and personality that can either be motherly warm or icy cold and threatening. Add to that a spotless record of public service of forty years. A more flexible doll, with more weapons in her arsenal.
#94. nabanggit mo ang dalawang ‘yan, miriam at cuevas bilang pagkukumpara kay ombudsman morales sa anyong manika.
ang dalawa ay parang manika ng buruka samantalang ang sa matapang at walang takot na si gng. morales ay parang barbie doll, ganu’n ba?
kung susuriin, malayo pa ang mararating ni ginang morales bilang ombudsman at walang mahalaga sa kanya kundi ang sundin ang itinatadhana ng kanyang mandato dahil hindi siya natatakot bumangga sa isang umaastang higante sa katauhan ni corona na napapalibutan ng mga bulag na tagapagtanggol.
maaaring naging napakahaba ang kanyang pananahimik mula pa noong panahon ni arroyo at dumating na ang takdang panahong umayon sa kanyang adhikaing ipatupad ang anumang itinatadhana ng batas. parang pinagtiyap na siya ang ipinalit sa puwesto ng katulad ni merceditas na walang ginawa kundi matulog sa pansitan at makipaglandian sa mga kampon ng kadiliman.
kaya nga, ang puno’t dulo ng lahat ng katiwalian ay alumpihit sa kanyang silid-kulungan sa VLMC at ang mga tsuwawa ay gumagawa na naman ng istoryang delikado at lumalala na naman daw ang kanyang kalusugan at kailangang sa abroad (na naman) magpagamot sapagkat walang kakayahan ang mga doktor sa pilipinas at wala din daw sinumang doktor ang gustong siya ay operahan dahil natatakot daw na sa kanilang kamay mamamatay.
kung ako lamang ay isang dalubhasang siruhano ay magkukusa na akong operahan siya nang libre at ISANG NAPAKALAKING karangalan ang sa aking kamay siya malagutan ng hininga – bayad sa lahat ng kanyang mga kasalanan sa buong sambyanan.
What’s more mind-boggling is the attitude of the senators questioning or expressing apprehension regarding the powers of the Ombudsman. Apparently, the office is really powerful and all of them are at her mercy.
Also, I thought Miriam was kinda stupid when she juxtaposed the Constitution with AMLA and FCDA. Parang tanga lang.
Basta ako, I’m so glad we have an ombudsman with balls. Conchita is one of the best things that happened to this country. http://thenutbox.wordpress.com/2012/05/16/an-ombudsman-with-balls/
Corona finally to testify on Tuesday, May 22! He’s probably having a thousand novenas said for him + masses +prayers of the SC people.
And strategy ng defense –
1. discredit any and all adverse evidence/witness
2.they must have the last word.
While they were moving for continuance in order to present Corona on Monday, kino-compute ni Enrile kung sakaling they decide to subpoena the bank managers after the Monday caucus, biglang kambyo agad si Cuevas na baka pwedeng Tuesday na si Corona, natigilan si Enrile, pero pinayagan pa rin. Para raw walang reklamo.
Tapos yung pag-deliver ng closing statements. Ayon sa rules, prosecution muna tapos defense tapos prosecution uli. Hirit na naman si Cuevas, baka pwede raw i-amend ang rules at kahit 5 minutes lang na closing statement after the 2nd turn of the prosecution, aba e abuso! Pero kinonsider pa rin ni Enrile at didisisyunan na rin sa caucus.
Bakit kailangang si Corona ang last say? Meron pang rebuttal na pwedeng ipasok yung madre sa Basa-Guidote buti na lang sinabi ni Tupaz na pag-iisipan pa nila. Kundi, baka gawin na namang kondisyon BAGO humarap si Corona.
Isa lang ang naiisip kong dahilan – pag malinaw na wala nang ibang argumento ang prosekusyon, hanggang doon lang ang isasagot niya.
Yung version ng “truth” ni Corona ay adjustable.
Let’s recap.
So far ang explanation pa lang kung saan nanggaling yung kayamanan ni Corona ay yung P21M lang na sinabi ni Trillanes e sakto lang sa ginastos niya, kahit pa hindi niya naman lahat sweldo yun.
Hindi pa pumapasok sa record yung palutang sa media na inutang daw yung P34M ng Basa-Guidote na isa palang highway robbery ni Cristina at Carla.
Yung last few entries sa listahan ng AMLC, withdrawal totalling more than $3M just in the week of Dec 12, 2011, the day the impeachment was approved in the House, mukhang mahirap angkinin ng anak, lalo pa kung walang binayarang income tax sa US.
Mauuna pa sa kanyang makulong yung mga anak niya kung gagawin nila. Paano pa yung noon pang 2003, 2004, etc? Anong klaseng magic ang gagawin niya para ipaliwanag ito ng kapani-paniwala?
91. Phil, when Brenda told Morales to not argue with a senator-judge it only meant one thing. She was cornered, napikon and had nowhere to go. But this time, she did not have the last say, it was Morales who uttered the last word “noted”.
The stage is not Miriam’s these past days, got to make a scenario again to remind Pinas that she is still the bida.
Tongue, thanks for the recap.
J-unggoy Estrada grandstanding uli. Laos na lo’ waist gang k_pal. Wala ba talaga tayong mapupulot sa senador na ito?
Sometimes senators, like Jinggoy should just sit and listen. They don’t add anything to the trial. Except maybe to prolong it.
Mirriam was so hateful when she was castigating Keh. She’s really a bully. Look how she was with Carpio-Morales and Hontiveros-Barraquel. Maybe the hyphenated surnames intimidate her. 😉
dan, remember that j-unggoy is Rambotito’s vp. Mas nakakakilbot kasi baka nga maging bise. Yan ang rason kung bakit nagpapansin ang ewan na yan, for ops lang na he has kuno something between his ears! He can’t antagonize the lady Ombudsman, pero si Harvey kinaya-kaya. Back to rudeness ang mga pasikateros/as.
Soon and that would not be very long, the former CJ will now be addressed the Chief Launderer…if he ramained a Low profile and did not accept that Midnight appointment, he could have kept most of that Laundered $$ now that the “owner of the dirty laundry” is in jail and wil be there for a long time and so will the members of the Gang…
chi, si Harvey kasi, die-hard Mar Roxas yan. Kaya pinagtulungan ng tropa ni Binay. Plus yun ngang nananaginip maging bise si Jinggoy.
Awang-awa ako kanina. Umiyak nga si Grace Padaca. Buti pa si Enrile mukhang nagpatawad na, si Jinggoy may pabaon pang pailalim.
Baka mamaya makuryente na naman sila gaya ng presentation nila na may 45 properties si Corona. 82 Dollar Accounts, it’s too good to be true. Morales had no personal knowledge of what she was talking about.
Ganun ba, Tongue? Ang letse na Jinggoy!
Since naka subpoena si Harvey Keh, hindi siya nakaranas ng makataong pagtrato mula kay Brenda at Junggoy kung ikukumpara sa trato nila kay Risa Hontiveros at atty. Reyes. Double standard na mga senador. Yong tatay mo ang pigilan mo tumatandang paurong gustong mag mayor uli at ikaw vice pres? Kawawang Pilipinas!
chi pag nanalo pa uli yang mag-amang yan “nostra culpa”
I never like Jinggoy but he and the other senators have a great point to lecture Harvey.
Mali talaga si Keh not to verify and then present the documents.
So who will close for the prosecution? Tupas with his falsetto? Or some other congressman?
I’m sure Cuevas will close for the defense. If there is a second round, he should do it as well.
The young ones better read Harris v United States 402 F.2d 656
http://openjurist.org/402/f2d/656/harris-v-united-states
There are statements they have been making before the media that would be inadmissible as closing statements.
Baka finish line na lang, may sermon pa sila kay Enrile – or Miriam. That will be what people will remember during the elections.
After all, the last is the memory that lasts.
@sax Tupas daw and/or one of the private prosecutor.
(http://www.abs-cbnnews.com/-depth/05/16/12/3-cj-accounts-ombudsman-report-match-psbank-data)
I suspect Corona would sit down, say none of the 82 accounts are his, and challenge it and the AMLC log’s authenticity.
To me, the approach in questioning Corona is like the types of volcano:
(1) Ask Corona if he has an active dollar account.
(1a) When it was opened? What was the beginning balance? Who are the signatory?
(1b) What is the purpose of the account? What is the current Balance?
(2) Ask Corona if he has a dormant dollar account.
(2a) (same as 1a)
(2b) (same as 1b)
(2c) When is the account due to be address (assuming time deposit) or transferred assuming for trust of.
(3) Ask Corona if he has an extinct dollar account.
(3a) (same as 1a/2a)
(3b) (same as 1b/2b)
(3c) What was the ending balance of the
* papagurin ko lang muna si Corona, style Cuevas and Delos Angeles *
And then ask:
(4) aren’t there suppose to be taxed to be paid? remind him his answer is public document with entities like the IRS can use.
(5) Are they in any of the SALNs of yore and even of this year?
Tapos na. #5 is the one he can not answer.
I think Cuevas will be arming himself with a machine gun with bullets made of “we object!”
I would let him deny everything and then ask for #6 can you please sign the waiver for bank records. So we can have the Branch Manager to validate your statement.
Tapos.
Here is Corona’s answer to item #5:
“The lead counsel said, ‘Our contention is, we are not under legal obligation to include that in the SALN because the law says so. Why will we have the obligation?’
‘It (dollars) cannot be examined, investigated by any person or government authority for that matter. In other words, the grant of confidentiality is absolute. That is our contention. Whether we will be sustained by the court is another story.'”
http://www.rappler.com/nation/special-coverage/corona-trial/5494-corona-won%E2%80%99t-go-down-without-fight-cuevas
So Corona will admit the US dollars but would make Marcos’ era law versus the Ombudsman law.
One thing for sure: Corona is up shit creek without a paddle.
re #108
Madam Star 1542, as far as the report is concerned, personal knowledge is immaterial. In fact, Enrile has declared they do not need to call the AMLC to verify the report. It is accepted as true and correct whatever report emanates from AMLC because it is the gov’t body bound by the duty of whatever functions they had to perform under the AMLA Law.
Regularity as well as competence is expected. Furthermore, the AMLC report is a mere summary of the several reports coming from different bank for Covered Transactions under the AMLA rules. The AMLC is just a repository of such bank CTRs until those accounts are flagged which will turn the AMLC into an investigating team.
The numerous transactions including simultaneous ones can be explained by money launderers as mere forex transactions, a wise one like Corona will see to it that each outflow with a corresponding inflow with a little bit of extra to make it look that there was interest income for the money placement.
But then again, if he was just making clean investments, why do you have to place your money in different branches? He was living in La Vista, I can accept that he has an account in PSBank Katipunan. How about those in San Francisco Del Monte? In Tandang Sora? And of all places, Cainta? And there were 82 accounts! No wonder the quality of decisions in the Supreme Court had suffered tremendously in his term.
Why did the accounts move so much money during elections? Was he financing the dagdag-bawas operations of Roque Bello in Antipolo? Thus the account in Cainta?
These made the AMLC raise the red flag. Instead of a blanket denial, I think he should be signing a waiver to bring into the open his bank accounts. Nothing less will be as convincing. After all, he said he has done nothing wrong.
It is very clear, even to the blind, that in the SALN, under the column “Cash” he has to declare the sum of all cash, regardless of currency. He is giving the liar Corona an escape route.
Tongue! Are you available sa Tuesday? 🙂
Great questions!
I have canceled all activities on Tuesday. I will be ordering food from KFC. Kahit gabihin yung hearing di na kailangan magluto pa. Hehehe. Adik!
It’s surprising only now Corona’s $$ accounts were publicized, when in fact these hidden monies were posted in the internet few months back. Didn’t give much credence to it as I thought it was just a smear campaign against Corona.
I believe the author of that column was a female and somehow related to him or his wife. I’ve deleted that forwarded email, otherwise I will post it here.