Ombudsman: CJ withdrew $770K after impeachment

by Ira Pedrasa,

Posted at May 15 2012 03:06 PM | Updated as of May 16 2012 06:24 AM

MANILA, Philippines (1st UPDATE) - Ombudsman Conchita Carpio Morales revealed on day 38 of the Corona impeachment trial that the chief justice withdrew $769,681.71 from his dollar accounts after he was impeached by the House of Representatives on December 12, 2011.

Carpio Morales on Tuesday defended her statement that Corona had around $12 million in bank deposits, saying she excluded from her computation the “triple, multiple entries.”

She said the inflows of covered transactions from April 14, 2003 to December 22, 2011 in Bank of Philippine Islands-Tandang Sora (BPI-TS) and Allied Bank Corp.-Kamias (ABC) are as follows:

(in dollars)

BPI-TS Account number 8104                   3,513,348.47
BPI-TS Account number 1842                      516,130.47
BPI-TS Account number 5939                    1,331,501.43
ABC-Kamias Account Number 2676         2,940,850.58
                                                    sub-total       8,301,830.95
                                           miscellaneous     3,853,519.91
                                                        TOTAL:  $12,155,350.86

Carpio Morales yesterday described these as “transactional balances.”

She also said there were large deposits during the election campaign months in 2004 and 2007.

She said Corona made two deposits of $500,000 each on May 12 and May 14, 2004. She also said several deposits were made at an account in BPI-San Francisco Del Monte either on May 3 or May 5. The synchronized elections in 2004 were held on May 10.

The supposed deposits then were:


Carpio Morales yesterday described these as “transactional balances.”

'Lantern of lies'

In response, Corona called her presentation a “lantern of lies.”

Corona said: “The initial testimony of the Honorable Ombudsman is quite unfortunate, if not very malicious. I don't know how she came up with her own mathematical equation.”

He described Carpio Morales’ presentation a “hodgepodge,” convoluting the numbers and the minds of the public.

“The number of accounts alone is at best ridiculous. Her PowerPoint diagram is a lantern of lies which only messed up her presentation, contrary to what some believe now as damning evidence,” Corona said.

He said Carpio Morales does not know what she is talking about, as shown by her “chaotic” accounting.

He also said she should resign if proven wrong.

Lies? Ask AMLC

Asked during her cross-examination for her comment on Corona’s statement, Carpio Morales said: “If indeed he made those charges, what I can say is that there are just other lanterns of lies. He says these are lanterns of lies? These are lanterns of lies as far as his statements are concerned because these documents were delivered to me by the executive director of the AMLC.”

The AMLC executive director is Vicente Aquino.

She explained anew that she sought the help of other government agencies to arrive at such figures.

Earlier in the hearing, Senator Miriam Defensor Santiago moved to have the managers of several bank branches appear before the Senate court to testify on the allegations of Carpio Morales.

Santiago noted that the Ombudsman’s presentation had alleged several transactions, but some could be “double entries.” She said it could mean that some of the entries could be one and the same.

She also said a person can engage in dollar trading without a license.