Aftermath

Enrile cites blunders of the
Defense Panel

Senator Enrile stated the following reasons why the majority of Senator judges voted for conviction of SC Justice Renato J. Corona.

1. Presenting the Ombudsman as a "hostile" witness in the mistaken belief that she did not have proof of Corona having much money.
   
   
2. The disrespectful walk-out by Corona in his first day of appearance in the trial proper.
   
   
3. The conditions imposed by Corona on his offer to sign a waiver,for authorities to check his bank accounts, on Sen. Franklin Drilon and the 188 congressmen who signed the articles of impeachment to sign a similar waiver.
   
   
4. The sale of Basa-Guidote Enterprises Inc. (BGEI) shares worth P34.7 million to Corona’s daughter Carla Castillo for a measly P28,000, a fact which came out from the cross-examination of a former sheriff.
   

But the most telling argument for his conviction came from the mouth of Corona! He inadvertently admitted on his second and final day of appearance that he had 2.4USDollars and 80.7 million in banks which was undeclared in his SALN.

Is the Basa-Guidote money In the dollar account of Corona?

I remember something that 700,000 US dollars is in the super secret account of Corona. In 2008, the dollar rate was about 43.00 pesos to the dollar. so the equivalent in dollars of the BGEI milli784,090on pesos is 34.7* 10^6 /42 = 81078571 U
S$.. Therefore it is not a surprise that 700,000 USD may be stored in the bank(s).

We may get to the heart of the matter at the resumption on May 7 hearing that from all indications so far, especially the fact that the city of Manila under the mayor at that time Lito Atienza gave Mrs Corona 34.5 million pesos in trust of BGEI, We can now surmise that the dollar accounts hold the bulk of BGEI.


But this is just one speculative possibility.
AMLA should move in the month of April to get to the bottom of the dollar account including all transactions.