Skip to main content

Why CJ Corona closed his PSBank accounts?

In an interview by Arnold Clavio, Corona said, "Ang dahilan niyan, nawalan na kami ng tiwala sa bangko, dahil alam namin na doon nanggaling ang leak."

Chief Justice Renato Corona on Wednesday said he lost trust in Philippine Savings Bank (PSBank), the reason why he decided to withdraw the P37 million in his bank accounts on December 12, 2011, the day he was impeached.

Corona surfaced on GMA Network's Unang Hirit and finally broke his silence.

The prosecution team has released documents pertaining to Corona's PSBank accounts, in which he failed to declare in his statement of assets, liabilities and net worth (SALN), a violation of Article 2 of the articles of impeachment.

The defense team earlier said that Corona's P37 million accounts belonged to Basa-Guidote Enterprises, Inc. (BGEI), which is a corporation owned by his wife's relatives, the reason why the chief justice did not declare in his SALN.

"Ang perang iyon ay pinagbentahan ng lupa... Hindi lang iyon ang depensa namin, iyon ang katotohonan. Sa korporasyon iyon [ng aking asawa]," he said.

Corona also said as early as November last year, he had been hearing that the bank where he had his three accounts, had been giving away information.

But PSBank Katipunan branch manager Annabelle Tiongson earlier told the Senate impeachment court that the "leaked" documents on Corona's bank accounts did not come from their branch.

Comments

Popular posts from this blog

MY SHORT ESSAY ABOUT THE PHILIPPINES

Filipinos always complain about the corruption in the Philippines . Do you really think the corruption is the problem of the Philippines ? I do not think so. I strongly believe that the problem is the lack of love for the Philippines . Let me first talk about my country, Korea . It might help you understand my point. After the Korean War, South Korea was one of the poorest countries in the world. Koreans had to start from scratch because entire country was destroyed after the Korean War, and we had nonatural resources. Koreans used to talk about the Philippines , for Filipinos were very rich in Asia . We envy Filipinos. Koreans really wanted to be well off like Filipinos. Many Koreans died of famine. My father & brother also died because of famine. Korean government was very corrupt and is still very corrupt beyond your imagination, but Korea was able to develop dramatically because Koreans really did their best for the common good with their heart burning with patriotism. Koreans...

Between 60 and death

My friend sent me this excellent list for aging . . . and I have to agree it's good advice to follow.  The guy who sent this hi-lighted #9. 1. It’s time to use the money you saved up. Use it and enjoy it.  Don’t just keep it for those who may have no notion of the sacrifices you made to get it. Remember there is nothing more dangerous than a son or daughter-in-law with big ideas for your hard-earned capital. Warning: This is also a bad time for investments, even if it seems wonderful or fool-proof. They only bring problems and worries. This is a time for you to enjoy some peace and quiet. 2. Stop worrying about the financial situation of your children and grandchildren, and don’t feel bad spending your money on yourself. You’ve taken care of them for many years, and you’ve taught them what you could. You gave them an education, food, shelter and support. The responsibility is now theirs to earn their own money. 3. Keep a healthy life, without great physical effort. Do ...

POGOs in the Philippines

China has urged the Philippines to ban online gaming to support its crackdown on cross-border gambling, which it said foreign criminals had used to embezzle and launder funds as well as illegally recruit workers. When Diokno was asked if he thinks online gambling firms were being used as money laundering conduits, he replied "not necessarily". Benjamin Diokno, who is governor of Bangko Sentral ng Pilipinas (BSP) and head of the Anti-Money Laundering Council, has ordered the agency and the central bank's financial stability team to "put some sense to this online gambling". The Philippine gaming regulator has stopped issuing licenses to online gambling firms, and lawmakers and some ministers have called for tighter controls on Chinese visitors, saying many are illegal workers whose presence raises security concerns. Gambling is officially illegal in China, and Chinese officials know that these firms target the mainland and thus skirt the core of the Chin...