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Monday, May 14, 2012

AMLC Report On Alleged $10M Corona Deposit (Philippines)

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On Monday, May 14, 2012, Ombudsman Conchita Carpio-Morales was presented as a witness in the Senate impeachment trial of Chief Justice Renato Corona.

The Ombudsman brought with her the Anti Money Laundering Council (AMLC) report on Corona’s alleged dollar deposit, the purported aggregate value of which amounts to at least US$10,000,000.

Prosecutors described the documents saying “there are 17 pages of AMLC report, top of page - account holder, number, transaction code, currency denominations, name of banks” and “there appears to be 705 entries, transactions.”

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You may wonder how the Office of the Ombudsman get around the bank secrecy law, which expressly states that no foreign currency deposits may be examined without the “written permission of the depositor?”

According to Rappler.com, the Chief Justice “has given the Office of the Ombudsman the permission” in his Statement of Assets, Liabilities, and Net Worth (SALN).

There’s a “waiver” at the back of the SALN form which states:

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“I hereby authorize the Ombudsman or his duly representative to obtain and secure from all appropriate government agencies, including the Bureau of Internal Revenue, such documents that may show my assets, liabilities, net worth, business interests, and financial connections to include those of my spouse and unmarried children below 18 years of age living with me in my household covering past years to include the year I first assumed office in government.”

This could be the reason why a certain reporter during a short press conference with Corona’s defense lawyers asked why they looked sad.

Note: We will post the complete AMLC report on the alleged dollar deposit of the Chief Justice upon availability online.

source: coolbuster.net

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