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enough rest. Mrs. Cristina Corona and other members of the family are staying with him.
The Corporate Communications Department of The Medical City, meanwhile, said that doctors of
Chief Justice Corona, are expected to release a medical update on him today.
Confident of a conviction, members of the House prosecution panel said Corona cannot escape
liability by tendering his resignation letter before the Senate impeachment court renders its
judgement.
Not even his resignation will save his face from imminent conviction by the Senate Impeachment
Court, said Aurora Rep. Sonny Angara, panel spokesman.
He expressed confidence that with Coronas admissions that he owned $2.4 million deposits in four
banks and another P80 million in accounts, the senator judges would decide in favor of the
prosecution.
He should be meted with a punishment of perpetual disqualification from holding public office in
the future, he said.
Meanwhile, the fisherfolk alliance, Pambansang Lakas ng Kilusang Mamamalakaya ng Pilipinas
(Pamalakaya), said the Chief Justice committed a blunder when he tagged presidential adviser,
Ronald Llamas, as a leftist during Fridays hearing.
Mr. Llamas a leftist? That is politically incorrect. The Presidents political adviser is more of a rightist
and a special agent of imperial America, along with key Akbayan leaders, Pamalakaya Vice
Chairperson Salvador France said.
It is politically correct to say that the Aquino government is being operated by a Washington puppet
and aided by special agents in the person of Mr. Llamas and the political operators of Akbayan party
list, he added.
Malacaang is expected to closely monitor todays proceedings at the Senate as it has when Corona
appeared on the witness stand last week and challenged his accusers in Congress to sign a waiver to
have their private bank accounts opened.
Yesterday, Deputy Presidential Spokeswoman Abigail Valte said President Aquino and his Cabinet
members should not be lumped alongside the Chief Justice in the challenge to sign a waiver opening
their bank accounts to scrutiny because they have always been transparent.
Valte said the President and his Cabinet regularly disclose to the public their SALNs, unlike Corona
who had to be compelled by the impeachment court to bare his true assets.
It is not right to lump them together because obviously they are in very different situations. One is
concealing the entirety of his assets and one has been completely transparent about his assets and
his net worth, she said.
Senate minority floor leader Alan Peter Cayetano earlier challenged all government officials to sign a
waiver allowing investigators to look into their bank deposits.
Cayetano particularly asked the President to urge his cabinet members to lead the signing of the
waivers as the next logical step in his straight path policy.
Last Friday, Corona signed a waiver allowing the court to look into his bank accounts even as he
disclosed having only $2.4 million accounts which he did not declare in his SALN due to the
provisions of the Foreign Currency Deposit Unit (FCDU) law.
The SC chief also defended his non-exclusion of some of his P80-million peso account which he said
are co-mingled funds in nature, with some of the funds entrusted to him by wifes family owned
corporation, the Basa-Guidote Enterprises Inc. (BGEI) and some which were funds of his children.
Sotto said each of the three articles of impeachment still remaining will be voted on in separate
voting rounds. But if a verdict of guilty is reached in the first round on Article 2, the court need not
proceed to Article 3 and Article 7. Likewise, when a guilty verdict is reached in Article 3, senatorjudges will no longer have to vote on Article 7.
The court, the senator said, would also strictly observe the 2-minute rule when senator-judges make
a manifestation of their vote. Corona is not required to be present during the voting.
The verdict will be relayed to the Chief Justice through a Senate resolution that would notify people
interested to know the result of his trial.
Should a guilty verdict be rendered, Sotto said the Senate may perhaps include in the resolution an
order stating the effectivity of the order of expulsion for Corona.
Coronas lawyers, meanwhile, said they would be focusing most of their arguments on Article 2 of
the impeachment articles.
We would discuss articles 2, 3 and 7 with emphasis on Article 2, Rico Paolo Quicho said in a text
message.
His lawyers earlier on said they are rooting for an acquittal of Chief Justice whom they said believe
has the FCDU law as one of his best defense against the accusations hurled against him.
He had been forthright and candid. So we are confident of an acquittal for the Chief Justice, his
lawyer Tranquil Salvador III said in a recent interview. (With reports from Francis T. Wakefield,
Genalyn D. Kabiling, Marvyn N. Benaning, and Charissa M. Luci)
In particular, he said the tourism cooperation agreement between Russia and the Philippines which
was signed in 2006 should be developed.
"Priorities in tourism must be identified to support the general provisions of the agreement,"
Kudashev emphasized. "The agreement should not be just a piece of paper but a working tool to
promote tourism."
And although the current "More Fun in the Philippines" tourism campaign tries to address the
exposure side, Kudashev maintained that more attention should also be focused on better
infrastructure in the country and better treatment of foreigners who come here as tourists and
personal guests.
Having said this, Kudashev stressed that the balance of tourism still does not favor his country as
more Russians travel to the Philippines than there are Filipinos visiting Russia.
"Please bear in mind that (Filipinos) are always welcome to visit Russia anytime," said the Russian
ambassador.
At the same time, Kudashev expressed optimism that there are ample opportunities for a more
enhanced labor relations between the Philippines and Russia as labor migration sit high on the
agenda of the Russian foreign ministry.
According to Kudashev, traditional avenues of labor migration of Filipinos to Russia include health
care, accounting, office work.
Today, Filipinos are also actively involved in oil and gas fields in Sakhalin, Russia's largest island, and
in the construction activity associated with the 24th Summit of the Asia-Pacific Economic
Cooperation (APEC) forum to be held in Vladivostok this year.
However, Kudashev said what is currently needed for a more robust labor relations between Manila
and Moscow is some "legal basis."
"This aspect will hopefully be addressed during next month's meeting between the labor officials of
the two countries," Kudashev revealed.
He said expected to be discussed during the meeting include safe labor migration and social security
guarantees.
"Relevant Philippine agencies and labor suppliers are getting more and more familiar with Russians,
and OFWs (overseas Filipino workers) are getting more and more familiar with the labor conditions
in Russia," Kudashev declared. "This general promise could evolve to a more serious and prifitable
result oriented labor relations."
bring that unique relationship fully into the 21st century, at a time when U.S. policy interests are
increasingly focused on East Asia, said Maistro.
With offices in Washington DC the Society will seek to draw more attention to US-Philippines
relations through programs bringing together policy-makers, Congressional leaders, Think Tank
analysts, academics, and the media, said the former ambassador to the Organization of American
States (OAS), Venezuela and Nicaragua.
The White House earlier announced the upcoming visit of President Aquino to Washington DC and
his subsequent meeting with President Obama.
The Philippines is a long-standing friend and ally of the United States, and (President Obama) looks
forward to discussing with President Aquino the close strategic, economic and people-to-people ties
between our two countries, and our cooperation in the Asia-Pacific region, the White House Press
Secretary said in a statement.
The two leaders will also discuss ways to deepen bilateral cooperation.
The move, Loong said, will also show to the world that the Philippines, even if it is a small nation, is
willing to face any foreign forces, big or small, to defend its sovereignty and territorial integrity.
The Philippine Coast Guard (PCG) had earlier reported that there is an increasing number, and
pattern of Chinese government and fishing vessels in the disputed area.
China, on the other hand, has confirmed that it has sent government service ships to the disputed
Panatag (Bajo de Masinloc or Scarborough) Shoal to provide service and administration of Chinese
fishing boats, as well as perform guard, management, and control duties in the area.
Navotas fish port is considered the countrys biggest and oldest, having been established in 1977.
Alcala stressed the modernizing the NFPC would stabilize fish supply and prices in the National
Capital Region (NCR).
He explained that a modernized NFPC would allow fish unloading to increase by 60 percent to
210,806 metric tons (MT) by 2015 from the current annual average of 131,934 MT.
Postharvest losses would be reduced considerably once the project is completed as NFPC will allow
faster sorting, delivery, transport systems, and availability of cold storage facilities.
Chu said the NFPC project is a big challenge, and acknowledged the efforts of past DA and PFDA
administrations in preparing the projects groundwork.
He added NCR consumers will benefit from a modernized NFPC, stressing that 80 percent of the
regions fish supply comes from Navotas.
NFPC handles an average of 380 MT of fish daily.
We have been saying always res ipsa loquitor or the thing speaks for itself. The pieces of
evidence do speak for themselves, Palace deputy spokesperson Abigail Valte told state radio dzRB
when asked if the Aquino administration was confident of a Corona conviction.
If you look at the pieces of evidence again, you go back to the basic charge. What was the basic
charge? What were the admissions in the trial? That is something that you have to consider, Valte
said.
On Sunday, on the Feast of the Pentecostthe 50th day after Easter Sunday when the Holy Spirit
descended to enlighten the apostlessome members of the Catholic Bishops Conference of the
Philippines (CBCP) said that they prayed the senator-judges would decide the impeachment on the
basis of evidence and their conscience and not on political considerations.
This has been a very expensive court case and in a very poor country at that. God help us, said Jaro
Archbishop Angel Lagdameo, a former CBCP president. With reports from Jerome Aning and
Christine O. Avendao
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other government employeeswere not required to disclose dollar deposits in their SALNs because
of the rule on absolute confidentiality under the Foreign Currency Deposit Act (RA 6426), Martinez
said.
If the dollar depositor takes a strong exception by consenting to the examination or much less
declaring *the amount+ in his SALN, that will be valid, she wrote in a paper she sent to senators over
the weekend.
But if the dollar depositor does not consent or does not declare it in his SALN, there is no flagrant
violation of the Constitution, the SALN law, or RA 6426, she said.
3 senators
In an informal survey by the Inquirer, three senators on Sunday said they had disclosed their dollar
deposits in their 2011 SALNs, which might not be a good idea according to Martinez.
Martinez said the move would expose the declarant to possible double taxation, noting that dollar
deposits had already been subjected to a final withholding tax of 20 percent according to the tax
code.
For those patriotic dollar depositors who declare their dollar deposits in their SALN, the acquisition
cost should be in pesos, which will be part of net worth and will be taxable at 32 percent under the
tax code, she said.
Martinez said there was no such thing as parenthetical declaration only of dollar deposits. It has to
undergo the regular process in the normal computation of net worth.
Drilon no response
Senator Franklin Drilon, who has been criticizing Corona for excluding his dollar deposits in the SALN,
did not respond to the Inquirer query.
He earlier rejected Coronas challenge that he, together with the 188 members of the House of
Representatives who affixed their signatures to the impeachment complaint, sign a waiver on his
bank deposits. Corona submitted his own waiver to the Senate impeachment court on Friday.
Drilon was among the richest senators in 2011 with a net worth of P44,937,599.85. He declared cash
assets worth P7,526,219.72 and investments worth P14,554,600.
Pangilinans $6,000
Senator Francis Pangilinan said he declared the peso equivalent of about $6,000 (more or less
P250,000) as part of cash and other investments in the SALN.
In the document, he had a net worth of P14,564,768.94, of which P2,752,368 was declared as cash
in banks.
Senator Aquilino Koko Pimentel III said he had around $20,000 in a time deposit account in The
Bank of Philippine Islands. I converted this to pesos in my head then added the amount to my peso
assets both on hand and in banks, he said in a text message.
In his 2011 SALN, Pimentel declared a total cash asset of P2.5 million. His net worth was
P17,078,225.
Osmeas $1,200
Senator Sergio Osmea III said he had also included his dollar deposits in his SALN where he declared
P49 million under cash and securities.
But he said he had only one very rarely utilized dollar savings deposit worth $1,200. He said the
account was used to pay for cancer drugs of my wife and some books not available locally.
The peso value is about P50,000 and included in my SALN, said Osmea, whose net worth was
P105,470,000.
Martinez said a government officials declaration of his assets and liabilities does not per se
recognize his honesty.
Correct tax
The ultimate question is, did the government official pay the correct income tax based on the
increase in his net worth and based on his honest declaration of his dollar deposits? she said. If
not, he is guilty of tax evasion always.
Martinez said the BIR could use the ongoing impeachment process to generate more taxes, noting
that the government could ferret out tax evasion simply by examining the SALNs, including those
of Corona.
If you want to collect a tsunami of taxes, go to the SALN, she said. If Corona did something wrong,
its the BIR that should run after him (for possible) tax evasion.
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Cash assets
Among senators with the biggest declared cash assets was Ramon Bong Revilla Jr. with
P81,371,669.91 in cash and receivables on top of P8,168,679.25 in stock investments.
Senator Miriam Defensor-Santiago declared P44,222,627.00 while Senator Panfilo Lacson had
P23,208,028.71.
Senator Pia Cayetano had P20,846,218.95 cash on hand and in bank, including P30,311,679.09 in
receivables, other investments, other assets.
Senator Manuel Villarthe richest senator with a net worth of P854,213,716declared no specific
cash on hand or in bank in his 2011 SALN. He had P219,228,941 in stock investments and
P630,396,156 under other real and personal properties.
Senate President Juan Ponce Enrile declared a total of P11,235,042 in cash on hand and in bank. He
had notes receivables worth P31,380,938 and marketable securities amounting to P1,206,096. He
also declared investments worth P68,048,903.
Explain to public
A defense lawyer said Drilon and the 188 members of the House who impeached Corona owed the
public an explanation for their refusal to follow the Chief Justices lead in signing a waiver for his
bank accounts.
Speaking with the Inquirer over the phone, lawyer Rico Paolo Quicho said Corona answered the
Aquino administrations challenge for public accountability when he voluntarily signed an
unconditional waiver to open his bank deposits for scrutiny.
Their decision not to submit a similar waiver would hound their political careers. Thats certain,
Quicho said, referring to Drilon et al.
Election issue
After everything is done and over with, this will be a political issue. Next elections, the people will
ask them, Why did they not sign a waiver and disclose their SALNs to the public? he added.
Thats the implication of what they did. What the Chief Justice did is now beyond the impeachment
trial, the defense lawyer said.
Quicho argued that Drilon and Iloilo Representative Niel Tupas Jr., the lead House prosecutor,
virtually admitted that they also owned dollar accounts when they declined Coronas call for unity
and transparency.
Quicho said the lawmakers apparently shared Coronas interpretation of the absolute confidentiality
clause of the Foreign Currency Deposits Act since they did not want to disclose their own dollar
accounts in their SALNs.
Tupas and Drilon said they are not on trial. But because of the Chief Justices voluntary submission
of his waiver, they are now on trial and the people demand no less because they are saying that
public office is a public trust, he said.
How can the people trust them if they dont want to open up their bank accounts? After the
impeachment of the Chief Justice, whether hes convicted or acquitted, the people deserve an
explanation from them.
Quicho also assailed the prosecution for saying that Coronas waiver would no longer help his case
and that it was just an afterthought on the part of the Chief Justice to open up his bank deposits.
They are just afraid of the truth. They are also afraid that they will be expected to do the same.
They are after self-preservation and politics is self-preservation, he said.
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impeachment trial against Corona is going on was like lumping law-abiding public servants together
with those who are being called to account for wrongdoing.
To seek a waiver from the President at this time is to absolve those being held to account while
those who comply are lumped together with those who are before the bar of justice, Lacierda told
the Philippine Daily Inquirer in a text message.
Neither will Mr. Aquino require his Cabinet to sign a waiver similar to that issued by Corona on
Friday.
Undersecretary Abigail Valte, the deputy presidential spokesperson, said over state-run radio dzRB
Sunday that waiving bank secrecy rights was a voluntary and personal decision.
This issue of signing a waiver has cropped up before and the Presidents reply was that it would be
up to the individual Cabinet members Theyre the ones who were given the right. Hes not going
to force them. That will be their personal decision, she said.
Asked about the campaign promise, Lacierda said Mr. Aquinos statement of assets, liabilities and
net worth (SALN) already includes the mandatory waiver for the Ombudsman to obtain documents
from the appropriate government agencies to verify the extent of his wealth.
To those who are asking if the President will sign a waiver, for the record the Presidents SALN has
always been made public and it includes the mandatory waiver for the Ombudsman, he said.
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The State Department observed that reports by nongovernmental organizations on the number of
alleged extrajudicial killings and torture cases during the year varied.
It said *t+he NGO Karapatan recorded 39 victims of extrajudicial killings by government forces in
2011, compared with 46 victims in 2010. The credible Report on Philippine Extrajudicial Killings:
2001-2010 recorded 21 extrajudicial-killing victims from January to August 2011, compared with 19
victims in the comparable period in 2010. The Task Force Detainees of the Philippines counted five
victims of alleged summary executions by government forces during the year, compared with nine
cases involving 11 victims in 2010.
Last year, the CHR investigated seven new cases of enforced disappearances and kidnappings,
involving 30 victims, compared with 23 cases involving 107 victims in 2010, the report said.
The CHR investigators implicated four *police+ officials in one case and 10 unidentified members of
the military in another, the report said.
The Philippine National Police (PNP) Directorate for Investigation and Detective Management
reported that authorities began proceedings against 393 (policemen) during the year for various
human rights violations and resolved 80 of the cases, the report said.
In the Philippines, the law provides for an independent judiciary and the government generally
respected judicial independence in practice, the report said.
But corruption, through personal connections and sometimes bribery, resulted in impunity for
some wealthy or influential offenders. Overall, the judicial system continued to suffer from a lack of
sufficient personnel, inefficient processes and long delays, the report also said.
The State Department said Filipino journalists continued to face harassment and threats of violence
from individuals critical of their reporting.
Human rights NGOs frequently criticized the government for failing to protect journalists, the
report said.
The National Union of Journalists continued to accuse police and local elected officials of subjecting
journalists to harassment and surveillance, as well as failing to investigate killings of journalists
Authorities used criminal defamation prosecutions, with the possibility of imprisonment and fines, to
harass and intimidate journalists.
By Jerry E. Esplanada
Philippine Daily Inquirer, page 6
The Department of Foreign Affairs (DFA) has disputed a report posted on the website of the Chinese
Embassy in Manila that claims that both the Philippines and China agree that the United Nations
Convention on the Law of the Sea (Unclos) cannot be utilized as a legal ground to claim territorial
sovereignty.
Therefore, the fact that Huangyan Island (Panatag or Scarborough Shoal) is within the 200 nautical
miles Exclusive Economic Zone or continental shelf of Luzon Island has no relevance in determining
sovereignty either, said the report titled The Standoff between Beijing and Manila around the
Huangyan Island: Who owns the shoal?
The report was written by Gao Jianjun, international law professor at China University of Political
Science and Law in Beijing.
The Philippines refers to the disputed rock formation as Bajo de Masinloc and Panatag Shoal.
In a text message to the Philippine Daily Inquirer, DFA spokesperson Raul Hernandez on Sunday
reiterated the Philippine position that under Unclos, the Philippines exercises exclusive sovereign
rights over its Exclusive Economic Zone (EEZ) and continental shelf.
Relaying inaccurate info
The Bajo de Masinloc is located 124 nautical miles west of Zambales, which is well within the 200nautical mile EEZ and continental shelf of the Philippines as provided under Unclos, Hernandez said.
Last month, the foreign office temporarily stopped diplomatic meetings with the Chinese embassy,
charging the Chinese diplomats with relaying inaccurate information to Beijing.
The DFA had accused Chinese Ambassador Ma Keqing of wrongfully conveying a nonexistent
agreement of a pullout of all vessels in the Panatag Shoal area.
Hernandez clarified that what was agreed upon in earlier meetings was for the Philippine and
Chinese sides to refrain from doing anything that would increase tensions in the disputed area.
Foreign Secretary Albert del Rosario had said that the inaccuracy of information being relayed to
China could somehow trigger different protocols.
The DFA head recalled that during the third meeting with the Chinese side, Ma informed the foreign
office that Beijing was becoming more assertive because Manila had violated an agreement.
No agreement
I saidthere was no agreement. Thats why we are in a stalemate. They were harping that we didnt
honor an agreement. I felt I should clarify that with the Chinese government, it seems that report
was not accurate, Del Rosario told a recent DFA press briefing.
The Philippines only recently appointed an ambassador to Beijing.
In his report, Gao noted that since 1997, the Philippine side has disputed Chinas sovereignty over
Huangyan Island It is interesting to note that both sides agree that geographical proximity is not a
mode of acquiring territory under international law. Thus, the fact that Huangyan Island is closer to
the Philippines than China has no consequence for the settlement of the dispute.
First discovered by China
According to Beijing, the basis of its sovereignty over Huangyan Island is: It is China that first
discovered this island, gave it the name, incorporated it into its territory and exercises jurisdiction
over it, while Manila asserts that the Philippines has exercised both effective occupation and
effective jurisdiction over Bajo de Masinloc since its independence.
Thus, both sides take the occupation of terra nullius as the legal basis of their claim to the island in
question, he said.
Gao said Huangyan Island was discovered by China. He also pointed out that all the official maps
published by the Chinese governments of different periods marked Huangyan Island as Chinese
territory.
Scientific expeditions
Many scientific expedition activities, authorized or endorsed by Chinese authorities, were held on
the island, he added.
He recalled that a Philippine flag was put up on the island by two Philippine congressmen in 1997,
and the baseline around Huangyan Island was delineated in 2009.
However, these activities were undertaken after the Philippines had challenged Chinese
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sovereignty over Huangyan Island and for the purpose of improving the legal position of Manila.
According to the relevant jurisprudence of the international tribunals, such activities should not be
taken into consideration in the determination of a territorial dispute, argued Gao.
17
crucial of the three, with much of the courts focus having been devoted to it.
Article 3 questioned the competence, integrity, probity and independence of the Chief Justice
because he allegedly allowed the Supreme Court to act on mere letters filed by a counsel which
caused the issuance of flip-flopping decisions in final and executory cases, specifically the case
involving the Flight Attendants and Stewards Association of the Philippines and the management of
Philippine Airlines; and creating an excessive entanglement with former President Gloria MacapagalArroyo through her appointment of his wife to office.
Under Article 7, the Chief Justice was accused of betraying public trust through his partiality in
granting a temporary restraining order on the hold departure order against Arroyo and her husband
Jose Miguel Arroyo to allow them to escape prosecution.
Meanwhile, the Corona family and supporters are still optimistic of the outcome of the
impeachment trial, Marquez said.
We continue to pray for his acquittal, he said.
Marquez said Corona remained in the hospital yesterday recovering from the hypoglycemic episode
he had during the trial last Tuesday.
He is now able to rest and sleep better, while doctors continue to monitor his condition, he added.
With Edu Punay
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Ombudsman Conchita Carpio-Morales told the impeachment court early this month that Corona was
keeping 82 dollar accounts between 2003 and 2011.
Citing data from the Anti-Money Laundering Council (AMLC), Morales said Coronas alleged dollar
deposits with transactional balance worth at least $10 million were spread in nine banks.
Corona has denied Morales claim, saying he only has three peso accounts and four dollar accounts.
He said the Ombudsmans testimony is unreliable and exaggerated.
The Chief Justice admitted that he did not declare such accounts since the law on foreign currency
deposits regard them as confidential.
Tupas said the impeachment trial, which lasted for more than four months, has been a long journey
for the prosecution.
Its been a difficult and long journey for all of us. Finally, we are here and we are looking forward to
it, he said, referring to the oral arguments by the defense and prosecution panels.
Tupas said he along with deputy lead prosecutor Ilocos Norte Rep. Rodolfo Farias and another
prosecutor will deliver the oral arguments today.
The prosecution had yet to decide who would serve as its third speaker as of press time yesterday.
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We are being overwhelmed not by evidence but insinuations and rumors raised by the
prosecution, he said.
Turn the tide
Coronas camp expressed belief that the Chief Justices signing of the waiver of his bank accounts
has turned the tide against the prosecutors because they have not risen up to the challenge of
transparency and accountability.
They even had the chance to check further on his testimony (on bank accounts) but they did not do
it, Quicho said, referring to the prosecution.
The truth is the accounts will bury their unfounded allegation (that Corona had 82 accounts), and
that they cannot face the clamor to open up their own bank accounts to the public, Quicho added.
Quicho said Corona gained moral high ground when he agreed to sign an unconditional waiver on
his bank accounts.
Because of his (Coronas) testimony and waiver, he has moral high ground, Quicho said in a phone
interview yesterday.
The Chief Justice called for transparency and accountability. He raised the bar for transparency, he
added.
Quicho noted though that many of Coronas critics did not follow Coronas example.
Quicho said he is eagerly waiting if lead prosecutor Iloilo Rep. Niel Tupas Jr. would be brave
enough to accept the challenge to issue a waiver on his bank accounts.
He debunked Tupas statement that he is not the one on trial but Corona.
After Tuesday, they (complainants) will be on trial whether they will be rising up to the clamor for
transparency and accountability, Quicho said. This is the issue that they have to confront.
While the prosecution believes Coronas appearance before the impeachment court harmed his
case, the defense panel thinks otherwise.
The direct communication of the Chief Justice and the signing of the waiver turned the tide (in favor
of the defense panel), Quicho said.
Last Tuesday, Corona brought out a prepared waiver and signed it before the impeachment court.
The waiver would allow banks to release information about Coronas accounts.
No obligation to declare
Corona said he was signing the waiver even if he was under no obligation to execute it since he was
protected by the Foreign Currency Deposit Act, which provides for absolute confidentiality of dollar
deposits.
He also allowed the Bureau of Internal Revenue, Anti-Money Laundering Council, Securities and
Exchange Commission, and the Land Registration Authority to disclose all information that may show
his SALN, business interests and financial connections.
Corona, however, asked all 188 complainants from the House of Representatives and Sen. Franklin
Drilon to also sign a waiver.
If you decline, then you will affirm to me and all who are watching that there is in fact no legal
obligation or duty to disclose foreign currency holdings and deposits, he added.
Upon his return to the witness stand last Friday, Corona submitted an unconditional waiver on his
bank accounts, saying he would no longer wait for the 189 lawmakers to do the same.
The prosecution panel, however, claimed that Coronas unconditional waiver was too little, too late.
We think its really too late in the day. I mean if he wanted to be transparent, he should have done
so when the prosecution was still presenting its evidence, Marikina Rep. Romero Quimbo said in a
press briefing last Friday.
Coronas prosecutors also believe that the move was intended to delay the proceedings.
Coronas lawyers, however, remained confident that the Chief Justice would get an acquittal once
the impeachment court hears the final arguments of the defense and prosecution panel today.
He (Corona) had admitted that he had accounts in both dollars and pesos, but this does not mean
that he is guilty (of the Articles of Impeachment). Under the law, he has no legal obligation to
declare the dollar accounts, Quicho said.
Echoing a senator-judges argument that Republic Act 6426 or the Foreign Currency Deposit Act is a
special law, Quicho said the law should be interpreted in harmony with the Constitution.
It need not be contradictory but it should amplify (the Constitution) if the Senate, sitting as an
impeachment court, and the prosecution thinks there is a problem, then (Congress) should amend
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votes in the last two elections or have been denied registration by the poll body and the Supreme
Court.
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said.
Meanwhile, Valte refused to make any forecast whether a conviction awaits Corona this week, after
todays oral arguments between the prosecution team and the defense panel headed by former
Supreme Court justice Serafin Cuevas.
Res ipsa loquitur - the thing speaks for itself. The pieces of evidence that were presented do speak
for themselves. We will wait and see the developments, she said.
If you look at the pieces of evidence, again, you go back to the basic charge. What was the basic
charge? What were the admissions in the trial? That is something that you have to consider, Valte
said, referring to Coronas admission of his dollar and peso deposits.
She also downplayed the importance of votes among senators that would ensure a conviction for
Corona, but emphasized rather the evidence the House prosecutors provided and the admissions
made by the chief magistrate.
What is important and clear to us are the accusations and it was clear that there is the evidence to
support them.
Lets cross the bridge when we get there. We will stay away first from the fearless forecast, she
added. Delon Porcalla, Rainier Allan Ronda
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