Corona owns 2.4M dollars

Posted at May 25 2012 04:57 PM | Updated as of May 26 2012 01:03 AM

MANILA, Philippines - Chief Justice Renato Corona on Friday admitted he has $2.4 million (approximately P105,074,700.90) in dollar deposits.

In his testimony, Corona said the money had accumulated since he started saving dollars in the 1960s. He said the money had been earning interest through time deposits.

He also said he and his wife have lived frugally, living in the same house for decades.

He said he started saving dollars even before the Foreign Currency Deposits law was passed.

ANC Chief Justice on Trial, May 25, 2012