PSBank head says CJ Corona has peso accounts other than the 5 PTD accounts

February 17, 2012 9:14 am 

MANILA, Feb. 16 – Philippine Savings Bank (PSBank) president Pascual Garcia III on Thursday told the Senate Impeachment Court that there are peso deposit accounts of Supreme Court (SC) Chief Justice Renato Corona other than those five peso time deposit (PTD) accounts presented by PSBank Katipunan Branch manager Annabelle Tiongson.

Garcia said that both Corona accounts were not included in the subpoenas which were closed within the same year when they were opened in 2010 and 2011.

He said that the biggest figure so far on Corona's peso bank accounts is an opening deposit of P17 million on June 29, 2011 and was closed on Dec. 12, 2011.

Garcia said that two other time deposit accounts closed on Dec. 12, 2011, which was the same day the House of Representatives impeached Corona as the SC's 23rd Chief Justice.

Garcia said that he would decline if offered the position of president of Metrobank so that his motives for testifying will not be questioned.

He said that the Corona bank records were transferred before the issuance of the subpoenas because they felt that the documents of the customer would be subject of inquiry.

Garcia said that they put the Corona bank records under tighter control such that they want to make sure that what they provide the court are accurate and unaltered records.

He said that their bank has no information on where money from terminated accounts went.

Garcia said that they have other peso denominated accounts in Corona's name which were not covered by the subpoena.

He said that one Corona account which was not included in the subpoena had an opening balance of more than P7.3 million.

Garcia said that there are two other accounts but he has no detail, adding that he can only remember one as a current account.

He said that the second Corona account which was also not included in the subpoena had an opening balance of P17 million. (PNA) dct/RSV/PTR

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