SEC witness a dud on CJ creditor testimony
By Benjamin B. Pulta and Gerry Baldo 02/02/2012One dud after another of a prosecution witness.
Another dud of a witness was presented by the prosecution panel handling the impeachment trial of Chief Justice Renato Corona yesterday after an official of the Securities and Exchange Commission (SEC) failed to impress magistrates on his knowledge of defunct corporations and one whose official registration has been revoked for failing to comply with government requirements.
Prosecution witness Benito Cataran, the director of the SEC’s Company Registration and Monitoring Department, was presented by the prosecution to underscore its allegations of irregularities in an P11-million loan obtained by Corona from a private firm, Basa Guidote Enterprises Inc. (BGEI) since the said firm’s papers had already been revoked by the government when the loan to Corona was granted in 2003.
SEC’s Cataran claimed they considered the company closed because it failed to file the necessary corporate reports with the SEC since 1991..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/headlines/20120202hed2.html
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