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Cites ‘Co-Mingled’ Funds, FCDU Law for Exclusion in SALN By Benjamin B. Pulta and Angie M. Rosales 05/26/2012

Saturday, May 26, 2012

CORONA ADMITS $2.4M, P80M IN BANK ACCOUNTS

Cites ‘Co-Mingled’ Funds, FCDU Law for Exclusion in SALN

By Benjamin B. Pulta and Angie M. Rosales 05/26/2012

Supreme Court Chief Justice Renato Corona returned to the witness stand at the Senate impeachment court yesterday seeking to redeem himself from his controversial exit from the proceedings last Tuesday admitting owning not $12 million as Ombudsman Conchita Carpio-Morales earlier had alleged but a mere $2.4 million in his bank accounts in foreign currency deposits plus an P80.7 million account in peso denomination which the chief magistrate was quick to point out as not entirely his but “co-mingled” funds of his and her wife’s families.

An ailing Corona yielded before the Senate impeachment court a waiver on the confidentiality of his bank deposits, this time without any “condition.” During his tumultuous first appearance before the Senate court, Corona signed the waiver but said that he would release it only if 188 members of the House of Representatives

signed the articles of impeachment against him and chief ally of President Aquino Sen. Franklin Drilon also sign similar waivers on their financial records..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20120526hea1.html

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