MANILA, Philippines – Chief Justice Renato Corona had $10-million in transactional balances in 82 dollar accounts in at least 5 banks.
He made significant withdrawals in the 2004 and 2007 elections, as well as the week he was impeached, Ombudsman Conchita Carpio-Morales told the impeachment court Monday, May, 14.
These were among the highlights of a 17-page report submitted by the Anti-Money Laundering Council (AMLC) to the Office of the Ombudsman. It enumerates 705 transactions made in the name of Corona and which involved peso and foreign currency accounts.
During a Powerpoint presentation that illustrated Corona’s circuitous bank transactions, Morales said there were $12-M in “fresh deposits” in these accounts, meaning, they did not move from one account to another.
On the day he was impeached, Corona withdrew a total of $418,193.32. Of this amount, $417,978.80 was placed in a trust fund, the AMLC report said.
Most of the transactions involved various branches of Philippine Savings Bank (PSBank) and Bank of the Philippine Islands (BPI). Other banks cited in the report are BPI Investment Management Inc., Equitable PCIBank, Metropolitan bank, Philam Bond Fund, Philam Dollar Bond Fund; Citibank, N.A.; Allied Banking Corp, Deutshe Bank AG, and Land Bank of the Phils.
The breakdown of accounts is as follows:
- BPI Acropolis – 8 accounts
- BPI tandang sora – 18 accounts
- BPI San Francisco del Monte 34
- BPI Management 1 account
- PSBank cainta – 8 accounts
- PSbank Katips – 6 accounts
- Allied Bank Kamias – 4 accounts
- Deutsche Bank AG – 2 accounts
- Citibank NA – 1 account
The Chief Justice does not necessary have accounts in all these banks. Some banks may have been the recipient of the money transfers from Corona’s bank accounts.
The AMLC report includes the name of the account holder, the account numbers, transaction codes, the amounts, and the name of the banks.
Morales said she sought the assistance of Commission on Audit chair and commissioner Grace Tan and Heidi Mendoza, respectively.
The AMLC documents were provided by AMLC executive director Vicente Aquino to the Ombudsman.