Home > Local, Politics > Ombudsman: Corona had 82 dollar accounts

Ombudsman: Corona had 82 dollar accounts


Conchita Carpio-Morales reveals $10M bank account of Corona

Conchita Carpio-Morales reveals $10M bank account of Corona

Wow!  Corona owned a $10 Million or  Php420 Million Bank Account?  That’s alot of money!

Now tell me… how can a Chief Justice earn that much in just 8 years?

Here’s the complete article from Yahoo News.

 

Chief Justice Renato Corona owned 82 dollar accounts in five banks as of 2011, Ombudsman Conchita Carpio-Morales said Monday, citing a report from the Anti-Money Laundering Council (AMLC).

 
Morales made this revelation as she took the witness stand on Monday’s trial, further indicting the chief justice.

Morales said Corona’s dollar accounts ballooned from a single account in 2003 to 82 accounts in eight years.
 
She said that according to the report, Corona made “significant withdrawals” during the 2004 and 2007 elections, and the week he was impeached in the House of Representatives.
 
The chief justice was said to have withdrawn $418,000 and transferred the amount in a trust fund on the day he was impeached. 
 
She added that based on the report, Corona had a $10 million “transactional balance” which she explained as the “total inflow and outflow of funds that when through the system.”
 
This is apart from his “fresh deposits,” which refer to the “money that never moved,” amounting to over $12 million, the Ombudsman said.
 
Ombudsman Conchita Carpio-Morales speaks before the Philippine Senate to testify in the impeachment trial of Supreme …The defense team presented Morales, who was later identified a hostile witness, to prove that there is no evidence that Corona owns a $10-million dollar account and that the probe of the office of Ombudsman is illegal and baseless.
 
Lead defense counsel Serafin Cuevas tried to stop Morales’ testimonies because he said she is not competent to explain the 17-page AMLC report which was described as “strictly confidential” and contained a summary list of Corona’s 705 bank transactions in both of his peso and dollar accounts from 2003 to 2011.
 
But the court unanimously voted for the Ombudsman to show a present a report prepared by Morales and the Commission on Audit.
 
Morales said her office, within its power, is conducting a fact-finding investigation against Corona following a series of complaints accusing the chief justice of violations of the anti-graft and corrupt practices act for acquiring ill-gotten wealth.
 
She added that while the complaints did not specifically mention the $10 million, she asked assistance from AMLC if they have documents of the chief justice’s bank transactions relevant to the filed complaints.
 
Cuevas, however, noted that the alleged multi-million dollar account is not included in the impeachment complaint.
 
“If the $10 million is not included in the impeachment complaint, then all the more reason that I should conduct an investigation,” Morales said.
 
Senate President Juan Ponce Enrile clarified that Article 2 of the impeachment complaint generally accuses Corona of untruthful disclosure of his statements of assets, liabilities and net worth.
 
“There is no question the $10 million is not included in articles, but the issue is inclusion or non-inclusion of SALN. The amount is immaterial,” Enrile explained.
 
Morales was ordered to return tomorrow to continue to testify on Corona’s alleged dollar accounts.

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