Ombudsman Morales testimony muddles rather than substantiates Prosecution claims of Corona dollar holdings

And the comedy of errors that is the impeachment trial of Chief Justice Renato Corona continues as today’s session concludes. A long accounting made by Ombudsman Conchita Carpio-Morales of various funds movements between 82 bank accounts across several banks to the name of Chief Justice Renato Corona over a period beginning 2003 through 2011 revealed an anticlimactic bottom line: total funds moving into the Corona accounts over the period amounted to USD28.7 million while total outflows amounted to USD30.0 million. Assuming that the beginning balance in 2003 was zero, that amounts to an ending balance in 2011 of minus USD1.3 million.

The size of the amounts of the movements, of course, were quite notable and, indeed, makes for curious speculation as to what Corona may have been up to during that period. But an accounting of fund movements in and out is meaningless without a beginning balance — a crucial piece of information that was missing from Morales’s testimony considering the bold claims that were made by the prosecution camp: that Corona held anywhere from $10 million to $12 million in these bank accounts. In finance parlance, such claims made by the prosecution camp were balance sheet (what in essence is a person’s statement of assets, liabilities, and net worth or SALN) figures. What Morales presented were all to do with just cash flow. These are two different things — a difference which an attorney who, by some accounts, is “not good with figures” will most likely not have intuitively grasped.

My own bank statement is quite impressive — if you look at the total inflows and total outflow stated over a given period, that is. But that does not mean I’ve got lots of cash. It simply means those amounts moved through my bank account — my salary accounting for most of the inflow and my personal expenses accounting for most of the outflow. How I wish either the inflow or outflow figures were actually my cash account balance.

In short, after being subject to Morales’s man-voice for close to an hour, we are nowhere near any absolute clarity over whether these claims about how much dollars Corona holds at any one time in his alleged bank accounts has any real bases. Yet Morales’s original claim was quite clear:

Morales told Senator-Judge Ferdinand “Bongbong” Marcos Jr. that the 82 bank accounts contained an estimated $12 million as

“My computation arrived at with the assistance with CPA lawyers, fresh deposits amounted to $12 million,” Morales said at the Senate impeachment court.

What exactly was the nature and approach of this “computation”? Did it involve any known form of mathematics? Perhaps rather than rely on PowerPoint slides prepared by an underpaid clerk, Morales should instead enlighten the court on the equations she may have applied to the task.

Earlier, “civil society” honchos Risa Hontiveros, Walden Bello and Harvey Keh filed private complaints with the Ombudsman making similar claims that they had information about Corona’s dollar holdings in various banks. Keh claimed to have received the information to substantiate his complaint in a brown envelope. “When I opened it, I was surprised and shocked. I saw transactions records—the name of the bank, the name of the depositor Renato Corona, the deposits, the dates the account was opened, opening balance,” Keh was reported to have said.

Indeed…

Senate President Juan Ponce Enrile, who declined to open the brown envelope saying that he’s never met Keh had already issued a court subpoena summoning Keh to explain his claim last week. Nonetheless, Enrile did not seem to expect much from it. “I don’t know whether he would say anything interesting. I don’t know what information he has,” Enrile was quoted saying of Keh. Keh along with Hontiveros had since denied that they had said anything about Corona possessing cash holdings of USD10 million.

One thing that Morales’s testimony did highlight was how such enormous sums of dollar-denominated cash moved between 82 accounts over the period without any bank officer or branch manager from any of the banks involved raising alarm bells. Chief prosecutor Niel Tupas Jr himself described these movements as being “like professional money laundering”. And yet the Anti Money Laundering Council (AMLC) of the Philippines apparently had seemingly not taken any steps to take the involved banks to task despite being in possession of this data. Indeed, AMLC executive director Vicente Aquino had earlier altogether denied being in the process of investigating Corona’s accounts.

Obviously Morales and the AMLC not only did not contribute any clarity on the matter but muddled it even further. Could this be solid grounds for the defense panel to request that all bank managers involved in the transactions Morales itemised today be summoned to testify in court? Looks like Enrile’s 31st of May ultimatum to conclude this quaint trial won’t be met.

[Photo of Ombudsman Morales courtesy Yahoo! News.]

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Post Author: benign0

benign0 is the Webmaster of GetRealPhilippines.com.

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148 Comments on "Ombudsman Morales testimony muddles rather than substantiates Prosecution claims of Corona dollar holdings"

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For Real?
Guest

Funny. The word in the press is that Corona is cooked. Yet look at his response…he certainly has retained his confidence. Smells like 45 properties and villas and mansions in the US.

I think this is another big bang that will eventually fizzle. How many accounts? And the overall “transactional balance” is -$2M? Hmmmm.

The more people making — or assisting in — false accusations, the better. Make them say everything under oath and then bury them.

The analysis today was 180% wrong. The end is near for the prosecution.

Fishball
Guest

Pahiya nga si Cuevas at lumabas ang mga baho ni Corona. Dapat magbitiw na siya, aminin ang pangungurakot ni Corona at sabihin na dinadamay nya lang ang korte suprema sa kanyang kalokohan. At tama naman ang sinabi ni Corona na wala siyang $10 million, $12 million pala!

Daido Katsumi
Guest

Pero still, missing the point dahil ang talo talaga dito ay si Morales-Carpio because she keeps on confusing everybody.

Just accept the fact that you get all of this thru the media. Just bring your guns and start to kill innocent people if Corona will be convicted. Uncivilized human beings… <_<

oscar s. desamparado
Guest

pareho lang ito sa kunwari 45 properties na inilabas ng prosecution, pagkatapos 5 lang pala.marunong din palang mangisda itong si immorales.

nelson ongpauco
Guest

tama nag nangingisda si morales pero bobo si cuevas at kinakagat niya ang paen ng prosecutor kaya nagmumukha siyang tanga ….akala ata ay kakampihan siya ni enrile at miriam at joker …tapos na ang palakasaan malapit na ang eleksion …

Butch Cruz
Guest

I am very disappointed at the Ombudsman and the Pnoy appointee to the COA Mendoza. Both of them tried very hard to obfuscate the issue by their presentation more designed to confuse than clarify. I wonder if other people noticed the big change in the image and demeanor of Mendoza. Whereas before she looked like a working mom, now she looks more like a Belo model complete with matching ear rings. My my, iba na talaga ang nasa power.

Fishball
Guest

Ginagawa lamang nila ang kanilang trabaho na magsilbi sa bayan

Daido Katsumi
Guest

Nah. Just the opposite actually. Ginagawa lang nila iyon for their Noynoying president and not the country.

Wala ka lang alam. 🙂

noah
Guest

oo,

noah
Guest

oo, kayo-kayo lang dito ang may alam. 😉

domo
Guest

^ lowlife troll.

nelson ongpauco
Guest

diba ganyan din ang ginagawa ni arroyo noon mga witness na nawawala at mga jornalis na pinapapatay ,massacre sa magindanao. mga pera nga mga depatamento ng gobyerno na kinukurakot niya ..yung elecksion na dinaya niya at nag-sorry pa .ngayon gusto pa ninyo ng ebidensya …kawawa naman kayong mga bayaran ni arroyo at corona hindi tumatalab ang mga sina sabi ninyo sa mga tao…

Teabag Deluxe
Guest

May massacre din sa Hacienda Luisita, at iba pang patayan na bodyguards ni panot mismo gumawa. Hindi mo ba nabalitaan?

Daido Katsumi
Guest
Mas kawawa ang mga utak-squatter na tulad mo because not only you are misled by media but you believe on sensationalized news than important information. On the Maguindanao Massacre, it would not be a big deal if they were just ordinary people; but they brought it up because of journalists. But, they ARE people, right? Check this out: pity are the victims who were fooled on their emoness when they filed that charge against GMA made by the insane jackass named Harry Roque. Well, of course, wala kang sasabihin dahil nakuha mo lahat iyon sa media. Kung kurakot si GMA… Read more »
rookie
Guest

Parang may kulang ata sa sinabi ng Ombudsman. She should have said:
“My computation arrived at with the assistance with MALACANANG CPA lawyers, fresh deposits amounted to $12 million,”

Malacanang lawyers were in contact with Mendoza and Carpio-Morales the whole weekend. The report that Carpio-Morales read and Powerpoint she presented were handiworks of Malacanang lawyers.

Fishball
Guest

Baka black propaganda na naman yan ni Cheap justice Corona?

Daido Katsumi
Guest

Wrong again. There is nothing much worse than YELLOW propaganda, right?

UTO-UTO. 😛

Renato
Guest

@ Daido Katsumi: Don’t resort to ad hominem. If you do as you did, it only shows you have no valid arguments anymore.

sacrosanct
Guest

i guess the saying that “if its too giid to be true. its probably not true” applies in this afternoon’s melodrama. A “lantern of lies”, according to the CJ.

Fishball
Guest

dapat lang na maging matapang ka pa rin kahit na alam na ng madla na napakarami mo nang ninakaw na dolyar!

Daido Katsumi
Guest

Alam ng madla? Meh. Alam ng madla dahil they were misled by MEDIA. And that includes YOU.

http://dangersigns.blogspot.com/2012/05/morales-testimony-did-not-prove.html

Trosp
Guest
@Daido I just copied and pasted the contents of your link. MORALES’ TESTIMONY DID NOT PROVE ANYTHING! Explosive sounding as it was, Ombudsman Conchita Carpio-Morales DID NOT PROVE ANYTHING when she testified in the Senate Impeachment Court that Chief Justice Renato Corona had $10 million in 82 dollar accounts in five different banks. Morales presented a power-point presentation of supposed transactions worth thousands of dollars in Corona’s alleged 82 bank accounts. But take note, ladies and gentlemen: First: Until the trial adjourned, the figures presented by Morales DID NOT AMOUNT to $10 million. Second: Morales admitted that she arrived at… Read more »
Teabag Deluxe
Guest

Paano ka nakakasiguro na ninakaw nga yung mga dolyar, kung meron nga talaga? Nakita mo ng personal? Ikaw ba ang ninakawan? O tinatanggap mo lang ang kahit anong sabihin sayo ng panot mong presidente?

Der Fuhrer
Guest

@fishball

Well, well… you must be a recycled version of Nutzi Vincenzo. You tagged the CJ as guilty even before the impeachment court handed down its judgement. As I said before… fabrication of evidence is now an instrument of public policy. Include black propaganda, hate-think, demonization and trial by publicity. The yellow state repeats this every time. You can’t fool all of the people all of the time!

Amir Al Bahr
Guest

Sounds to me like they’re intent on playing with the Pinoys’ capacity for inggit when it comes to big sums of money moving around. Never mind that the net balance is small; what’s apparently a big issue to small-minded Pinoys is that that much money moved around without their laying a hand on it. Pffft.

Fishball
Guest

Hndi naiingit ang madla, nagagalit sila dahil napakalaking halaga nito at nasa kamay lang ng iisang tao. Pano kaya kung galing sa bulsa ng bayan ito?

Daido Katsumi
Guest

Listen up EMO kid. It is total idiocy if you keep on claiming that GMA and Corona is ‘stealing’ YOUR money which is the government’s money to begin with.

While it’s very OK for you that PNoy has the biggest pork barrel and he even used it to bribe the Congress on impeaching the CJ. Double standard, eh?

noah
Guest

goverment’s money is from the tax payments made by the people ergo, pera ng bayan ninakaw.

Daido Katsumi
Guest

@noah: Taxation isn’t YOURS, son! There is no taxation w/o representation!

In fact, you love to see taxpayer’s money being wasted for this kind of circus.

Loderunner
Guest

Why does the Chief Justice have 82 US dollar bank accounts? For efficiency of accounting?

What is the most logical answer?

Fishball
Guest

Syempre para mahirapan ang gobyerno na kalkalin ang kalokohan nya.

oona
Guest

Malamang kung 10 lang yang accounts at di 82, “mapapatunayan” na naman na “malinis” na tao na naman si Corona (sa twisted na moral standard ng ….). Parang okay lang pumatay ng tao basta pag kinasuhan ka, tama yung bilang.

Daido Katsumi
Guest

Hehe, so hindi mo nalang papansinin ang kalokohan ng gobyernong ito? Bravo for your sheer idiocy and ignorance.

Still missing the point.

karim
Guest

oi fishball! mag tinda ka na lang ng bulok mong isda? namamtis ka na sa gulugod ng utak mo, bobo! hahaha

Hyden Toro
Guest

It’s like the alledge properties of Corona…it began with 45, then dwindled to 5 or 7 properties. When will we learn that, we are dealing with Liars and Manipulators. These vicious people, are hired by the Aquino and the Cojuangco families, to hold on the land they swindled called: Hacienda Luisita…They are promoting the show also, to divertt your attentions from a Noynoying Lazybone Noynoy Aquino…

Anonymous
Guest

Yep, even the yellowtards in my house think that this “testimony” has proven ill for the CJ when in reality, it is the “45 properties” all over again.

Mapapahiya nanaman sila pag napatunayan na sinungaling ang ombudsman.

Fishball
Guest

Wag nyo na gamitin yang black propaganda na Hacienda luisita na yan.

oona
Guest

Oo na. Sinungaling nang lahat except Corona. Hehehehe.

Daido Katsumi
Guest

Just because we don’t believe in YELLOW Propaganda (which is actually BLACK) doesn’t mean we believe in some ‘black propaganda’ that you keep on sh*tposting.

Oh yeah, nice logic you got there. Well, you will not listen because you’re a certified Yellow Zombie. Wala ka talagang maibabato sa katotohanan kung Yellow Propaganda lang ang ibabato mo sa amin. BOBO. 😛

nelson ongpauco
Guest

hahaha!!! tanggapin mo na ibedensya at wala kulong si corona kayo ang mga BOBO dahil wala na kayong masabi lagi nalang si pinoy ang sinisisi ninyo ang sisihin ninyo ay si cuevas na ulyanin na akala ata niya ay uubra ang pagiging kaibigan niya si enrile at miriam at joker pero dahil malapit na ang eleksion wala na sila kontra sa mga witness napipi na si joker mabuti pa si marcos nagsalita ahahaha!!!! mga BOBO

Teabag Deluxe
Guest

@nelson ongpauco

Base sa laman ng post mo, ikaw yung bobo. 😛

Daido Katsumi
Guest

@nelson: Sorry, but ikaw ang BOBO. Sa posts mo lang halata na e. Worse, you just want to bring Corona in jail because that is what you see on him: a crook. In reality, the media branded him as such.

TaengGorbachev
Guest

@Daido Katsumi
I think Fishball is the new name of Vincenzo. If it is, then Vincenzo may have taken a new level in commenting, with a militant voice this time, unlike in the old days, when he is just like a timid emo kid.

karim
Guest

@nelson
nelson i’m sorry po pero sa tingin ko rin oo nga, talagang BOBO ka…maligo ka nga at baka sa sobrang init natuyo na ang utak mo…manalamin ka nga at alisin mo yan muta mo.

Anonymous
Guest

@nelson

Congrats nelson, you have just earned the title of the most idiotic troll ever on this site!

Hyden Toro
Guest

Hacienda Luisita is a valid issue…

mcalleyboy
Member

The workers are the very poor in a society full of extremely brutal and condescending rich and to get involved could compromise their low paying and only hope for a job and possibly their well-being, the security guards are more like helpers and take the punishment unfortunately from the well-to-do here.

domo
Guest

And you better stop spreading the yellow virus to us you zombie.

Loderunner
Guest

Hyden,

For now it is still at 82, unless it dwindles. Therefore, for the moment that number must stand — that there are 82. (If there are only 8, then we revisit the validity of the question)

Why does a Chief Justice need that many US dollar bank accounts? We’re not talking investment placements alone (which can be laddered) but different accounts. From four?

Hyden Toro
Guest

This Ombudsman Justice Morales, is the model on which Noynoy Aquino wants to turn the Supreme Court. Morales works for the interest of the Aquinos and the Cojuangcos to protect their Hacienda Luisita. He can use also Morales to attack his political enemies. And as a political hatchet woman, in his political inquisition programs…Is this what we want?

itchyBB
Guest
It is funny how people take the numbers as is. The numbers are huge due to the transactions incurred. If I will compute my bank account in that matter, I would prolly have a couple of millions as well over the past 7years that I have been working, but NO! ‘coz the ending balance is what matters. And we do not know where those money transacted were used. I can move my little amount of money from one bank to the next and it transactions and iincur, syet ang YAMAN ko rin para! Basing it on the ppt presentation, dubious… Read more »
Fishball
Guest

Malalaman din natin yan sa mga susunod na araw, ngayon ang alam natin,IPIT NA SI CORONA!

Daido Katsumi
Guest

Meh. You just want to put him in jail w/o any strong evidence against him.

You’re just an idiot, just like Morales-Carpio. Ipit ka na rin dahil wala ka nang masabing matino. 😛 Thanks

noah
Guest

chk out today’s hearing para malinawan kahit konti. enjoy!

Daido Katsumi
Guest

@noah: You’re the one who is enjoying it, not me. It is still comfusing.

noah
Guest

chk out today’s hearing para malaman kung di nga na-consider ang scenario na nabanggit mo. enoy! 🙂

besides, Article II charge is Non Disclosure in SALN.

Enrile warned Judd Roy that presenting the Ombudsman is not about the determination on the existence of $10M but on the existence of assets whether one dollar or ten million dollar and their relevance on entry in SALN.

Loderunner
Guest

itchyBB

Yes. That is the weakness of the presentation — there is no NET number. What they should have done is present the ending balances every year. That would have been a better pattern to show.

noah
Guest

chk out today’s hearing para you’d know bakit walang net. enjoy! 🙂

dante adan
Guest
The powerpoint presentation shown in today’s impeachment trial did not provide any damning evidence that could sway the senator judges to vote for the removal of Chief Justice Renato C. Corona. What the powerpoint presentation showed were deposits and withdrawals from one account to another in the name of the same account holder. The COA analysts who aided the Ombudsman in preparing the presentation termed the transactions as ‘circuitous’ but a closer analysis of the figures reveal that most of the transactions were placements in different accounts, probably short-term time deposits to maximize interest earnings, and redeposits of the proceeds… Read more »
zbarokz
Guest

bakit hindi nya sinulat sa kanyang SALN kung legal naman pala ang kanyang ginagawa? sabi nga ni senator enrile the amount is irrelevant what is relevant is why was it not included in CJ’s SALN

dante adan
Guest

That is the relevant question in the impeachment trial. The prosecution must show that the year-end balances in the dollar accounts for the relevant years were not declared in the SALN.

There is always a possibility that the cash in bank were converted into a different form of asset and the non-cash asset was declared in the SALN.

Showing the details of deposits and withdrawals moves away from the relevant issue and feeds on speculative assumptions.

zbarokz
Guest

all the more that the CJ must show in detail why he has or does not have any FCD. the CJ could easily debunk this by just taking the witness stand and saying open up my FCD then let’s see if i have any significant amount to write on my SALN. if he hides in technicalities then maybe he is hiding something. this would be the quickest way for him to get out of this mess.

itchyBB
Guest
Unfair as the “technicalities” may seem to many of us, we need to understand that the accuracy, authenticity and validity of the evidences are solid. It is the PROSECUTIONS’ JOB to ensure that the evidences they present are solid and cannot be debunked by the evidences itself. CJ can may well debunked evidences with his eloquence without presenting data, but that would be wrong. That is why the best course of action is to nullify the evidences provided by the prosecution which has been done by the defense. The prosecution cannot even provide solid evidences to prove their allegations. People… Read more »
noah
Guest

Article II charge is Non Disclosure in SALN.

Enrile warned Judd Roy that presenting the Ombudsman is not about the determination on the existence of $10M but on the existence of assets whether one dollar or ten million dollar and their relevance on entry in SALN.

noah
Guest

chk out today’s hearing para malaman kung di nga na-consider ang scenario na nabanggit mo. enjoy! 🙂

PINAPANGUNAHAN NINYO KASI. Kayo lang kasi ang magaling.

K3
Guest

Does the value even matter? I think only the existence of those articles were needed as proof.

The amounts are just plain old bad press for the CJ, intended to put the nail in the coffin, so to speak.

Anyway, I think the CJ made a mistake with what I think is his latest statement: http://www.philstar.com/Article.aspx?articleId=807103&publicationSubCategoryId=63

K3
Guest

Does the value even matter? I think only the existence of those articles were needed as proof.

The amounts are just plain old bad press for the CJ, intended to put the nail in the coffin, so to speak.

Anyway, I think the CJ made a mistake with what I think is his latest statement: http://www.philstar.com/Article.aspx?articleId=807103&publicationSubCategoryId=63

nelson ongpauco
Guest
start the count down malapit ng sumabog si corona dahil tanga si cuevas pinatawag niya si capio akala at niya ay obra ang alam niya ke capio at hindi tinanggap ni enrile ang objection niya mga tuta na bayaran ni coroana at arroyo tanggapin na ninyo na talo na kayo wala ng magbabayad sa inyo maghanaphanap na kayo ng ibang magbabayad sa inyo hindi na uubra ang paninisi ninyo kay pinoy..tama walang 10 million dahil 12million ang pera nito ito siguro ang perang ibinigay ng world bank na pinatutubuan niya sa bangko at ang tubo ay winiwithdraw at dinediposito sa… Read more »
Daido Katsumi
Guest

The countdown for CHAOS has begun! You’re a total idiot because the SYSTEM is the root of the problem and not the people around it.

Still missing the point because you’re still EMO around it.

Daido Katsumi
Guest

According to Corona, “it’s a lantern of lies.” It seems that Morales is desperate just to make the CJ surrender. Confusing, isn’t it?

Ikaw lang ang natutuwa idot because INSANE people love to confuse everyone.

zbarokz
Guest

who’s desperate, the ombudsman has already laid down her cards and all the cj has done was issue a press release saying they are just “a lantern of lies”. let him take the witness stand to debunk all this accusations but at the end of the day non inclusion of FCD in his SALN will definitely impeach him.

Daido Katsumi
Guest

But here is the problem: even Corona himself will answer all the allegations against him, some idiots will find a way to HUMILIATE him. That’s all I can say.

noah
Guest

@daido kailan daw sasagutin? appearing in the impeachment court does not guarantee that, baka nga he’ll invoke pa ung bill of rights… hmmmmm?

mcalleyboy
Guest
The real issue is not Corona but the lack of help by the money laundering section and the many disclaimers from the bank and government offices that say that’s not the original copy or nobody ever got that information from us? Or apparently government high level employee’s need some sort of search warrant for information what? Shouldn’t the money laundering section already have all the information on CJ? And if not what purpose do they serve if you have to go through so many processes to get that out of them. The whole Dollar account secrecy and asset hiding needs… Read more »
Fishball
Guest

Yan ang ginagawa ng kasalukuyang administrasyon ang maging transparent at hulihin ang mga lumalabag dito tulad ni Gutierrez, Abalos, Mendoza, 3 Arroyo at si kapalmuks Corona

DaSuperSoldier
Guest

Focusing on trivial matter are more important huh? Then no wonder why we suck as a country.

The SYSTEM is the problem.

Der Fuhrer
Guest
The real truth is revealed as it points towards the hypocrisy and double standards of the present administration. Blame games and scapegoats are convenient to prop up the false images of a straight path mantra. The KKKK cronies of Mr. BS Aquino receive special treatment and are not subject to the severe accountability accorded to the perceived enemies of Mr. Aquino. Selective prosecution of perceived enemies in ongoing. A petite lady congresswoman is demonized with hate-think, black propaganda and trial by publicity. The “father” of the people says he will never pardon her. He turns a blind eye towards his… Read more »
noah
Guest

yung million dollars pwedeng panggastos to solve the blackout in mindanao. sayang naunahan tayo ni corona! pero okay lang un di ba?! 🙂

DaSuperSoldier
Guest

Troll.

You’re saying that because that is what the media tells you and you’re so vindictive and malicious. So PNoy’s bigger pork barrel is ok for you. You’re stupid.

Der Fuhrer
Guest

@noah

You are just like the rest of the yellow zombies. You believe too much that your master BS Aquino and his cronies are all squeaky clean. Your attempts at continuing trial by publicity and black propaganda is duly noted. Beware of the moderators. They just might do another Nutzi Vincenzo.

ithcyBB
Guest
Oh my goodness, teh! Tulad nga nang tanong ng defense, why single this out? Press time ito? The power problem and the thousands of cases in the ombudsman could have been solved if resources were properly managed and we as a nation were vigilant enough to look into these matters early on. Nakikisawsaw lang tayo sa kung anong trip ng media. Yes, the alleged money CJ has could well assist the power problem in the south, pero naman, why focus on the sum alone? Why not focus on what we have now and work with it? We’re a nation stuck… Read more »
noah
Guest

FYI. COA commissioners Mendoza and Tan who possessed extensive forensic auditing experience. Mendoza was the one who leaked irregularities in the miitary. Hindi ito mga pipitsuging mga CPA. Hindi rin pipitsuging justice ang Ombudsman.

WHO NEEDS THE PROSECUTION TEAM IF THE DEFENSE CAN ALREADY PROSECUTE! Hmmmmmmmmmm…

DaSuperSoldier
Guest

Nah. Pipitgsugin pa since she is PNoy’s lackey. That’s the drift

itchyBB
Guest

She did not even validate the data she got from AMLC, anong extensive forensic doon? The documents were not even authenticated and she hides by saying tedious and long process and resulted to simplified interpretation. As an analyst, the data needs to be extensively reviewed. If done in haste, a proper disclaimer has to be made. And a follow up needs to be done to validate the information. It seems na tinamad lang sila pag aralan and based it on simple understanding of the data.

roi
Guest
One need not be a genius to understand this very simple piece of information but perplexed by that unprofessional-looking power point presentation. (It was really an eye sore to see a presentation like that. I mean, seriously, that quality of analysis in front of the august Senate of the ROP???? Come on, the Filipinos deserve more than that!!). Simple arithmetic. Suppose I have one apple. I passed it to my empty-handed friend A who in turn passed it on to empty-handed friend B and the to empty-handed C and then to empty-handed D. QUESTION: How many apple/s circculated (or circuited… Read more »
noah
Guest

Haven’t you just heared the ombudsman’s testimony today that multiple transactions similar to what you have just described were considered as just one entry.

Akala nyo kayo lang magaling!

At may nakita ka na pala irregularities bakit wala kang ginawa? Asus.

Ilda
Admin
noah
Guest

unsigned? may cover letter pa nga sa persona transmission to Ombudsman. andun ba sila sa hearing today or busy fabricating more stories. hanu ba yan!

noah
Guest

ayon kay tranquil? 🙂

reporter: sabi nyo dinedeny daw po ng AMLC na galing sa kanila ung report?

tranquil: may nagsabi po sa amin

reporter: sino?

tranquil: tingnan nyo na lang po.. avaiable naman yan sa internet

😉

mcalleyboy
Member

The Ombudsman had it delivered I thought by the Director in charge of the area? Even so why so many procedures to prove within government itself, what’s that say about the government and its many agencies, what’s their purpose if their rendered useless.

noah
Guest

nagmmagaling kc karamihan dito. feeing superior. 🙂

domo
Guest

And that includes you “genius”. You’re as moronic as I R Baboon.

For Real?
Guest
CJ Corona’s attitude still exudes confidence. He might be a great liar and a fantastic actor. Or he might know that he truly is clean and that the garbled “evidence” against him is utterly false. He knows he will take the stand. The Defense knows he will take the stand. That doesn’t seem to be a problem for them. Why not? They must believe he has the evidence to negate the charges. So why the delay? Why not jump to the final checkmate? Either this is a no win situation; no way out…and he is cooked (suicide prevention is in… Read more »
mommyjo
Guest

My one question is that if he is alleged to have all that money in numerous accounts (82? ridiculous number, don’t you think?) that money should come from somewhere. So, where did he allegedly pilfer that from, pray tell? Don’t they have to prove that he got the money from somewhere? And if he did, he wasn’t detected all these years? Ridiculous! That is why CJ Corona was so bold in his retort, he is confident that he will be able to explain it, and shame Morales in the process.

noah
Guest

maybe from….
Arroyos- Iggy, Mike, Gloria, etc?
Arroyo allies?
Oh yea, PAL, Megaworld, just check the pending cases at SC at that time, might as well include who voted along with RC and check the inflows and outflows to their accounts.

Again, I am speculating, but I agree it is worth looking into.

domo
Guest

You’re using maybes too much conspiracy theorist.

noah
Guest

maybe from…

Electoral protests? With the hilig and intensity of local election, to an evil mind with legal background, puwede nga palang pagkakitaan ito, every election and in between elections. Kaya pala ang tagal ng electoral protests meron ding nagkakabayaran, wala pa rito yung dagdag bawas. Business opportunity nga naman.

The genius of this operation is nasa “foreign currency” and “judiciry independence”.

noah
Guest

maybe because…

GMA was the President and Mercy Gutierrez was the Ombudsman then?

Daido Katsumi
Guest

Meron din naman. But GMA will never be charged of electoral sabotage concerning the 2007 elections if all of this were based on hearsay.

Even the 2010 elections were rigged. Sure there wasn’t no wiretapping but you still had from the reports of the volunteers typical fraudulent actions and behaviors despite the media sugarcoating it as a ‘clean’ election. Then the potential issue of nantes with Narcopolitics and whoever was linked to him could easily be damaged. Thankfully, it was a non-issue since he died a ‘mysterious’ death, thus taking his secret and damaging testimony to the grave with him.

17Sphynx17
Guest
problem with this comment noah is that we are not yet even sure if all these 82 accounts are in fact the CJ’s. There was no proof of ownership established only that there were reported transactions between these accounts from the AMLC. 82 accounts is a hefty number of accounts to begin with (too confusing to even bother handling by someone who is supposedly trying to hide it). But in all that presentation there was no confirmation or evidence presented by anyone yet that these accounts were the CJ’s or his wife’s. But in all seriousness, if they were really… Read more »
dikonamasikmura
Guest
@ Noah – Why did Corona took the midnight appointment when those others refuse to do so? – Why did Corona, on account of his history with GMA voted 19 out of 19 cases related to her or atleast inhibited in some of these cases? – Why did Corona “spiced up” his academic credentials at the SC website? – Why did Corona allowed GMA to leave even though the three conditions he set were not met? – Why did Corona meddled with her wife’s relative’s properties? – Why is it that his wife’s relatives, one of them a nun at… Read more »
dikonamasikmura
Guest

Dumb is not the operative word.

“Garapal” at “Makapal ang mukha” succinctly puts it.

Trosp
Guest
“- Why did Corona took the midnight appointment when those others refuse to do so?” Can you tell how it is illegal? And who are those who have refused the chief justice midnight appointment? “- Why did Corona, on account of his history with GMA voted 19 out of 19 cases related to her or atleast inhibited in some of these cases?” What are those cases? Are you sure Corona is involved in only 19 cases related to GMA? “- Why did Corona “spiced up” his academic credentials at the SC website?” Can you elaborate the word “spiced up’? “-… Read more »
dikonamasikmura
Guest

@ Trosp

If I need to research on, say the status of Libya, do I need to go there?

How do you get your “facts”?

How can you say a source is bias or fair?

When Enrile castigated the prosecution, is he being fair? When he is castigating Cuevas, is he being bought?

When Sen. Santiago lambasts the prosecution, is she being truthful to the spirit of the Law? When she is saying that Corona should appear before the Impeachment Court, is she being unfair? When she allowed the presentation of Morales, is she being biased?

dikonamasikmura
Guest
@ Trosp If I need to research on, say the status of Libya, do I need to go there? How do you get your “facts”? How can you say a source is bias or fair? When Enrile castigated the prosecution, is he being fair? When he is castigating Cuevas, is he being bought? When Sen. Santiago lambasts the prosecution, is she being truthful to the spirit of the Law? When she is saying that Corona should appear before the Impeachment Court, is she being unfair? When she allowed the presentation of Morales, is she being biased? On what common ground… Read more »
Trosp
Guest
@dikonamasikmura In blog commenting, there are those who just want to have their feeling good moment by hitch-hiking in the bandwagon of those they perceived to be in high moral ground. They don’t check facts anymore. In your case, as you’ve commented – “If I need to research on, say the status of Libya, do I need to go there? How do you get your “facts”? How can you say a source is bias or fair?” By that alone, it’s evident you don’t know how to handle and gather facts. For the sake of an interesting discussion, let’s go back… Read more »
dikonamasikmura
Guest

How about for a more interesting take on the discussion, you answer these two first then I will answer your question “in due time”.

“When Enrile castigated the prosecution, is he being fair? When he is castigating Cuevas, is he being bought?”

“When Sen. Santiago lambasts the prosecution, is she being truthful to the spirit of the Law? When she is saying that Corona should appear before the Impeachment Court, is she being unfair? When she allowed the presentation of Morales, is she being biased?”

Trosp
Guest
@dikonamasikmura “When Enrile castigated the prosecution, is he being fair? When he is castigating Cuevas, is he being bought?” Your question, just like the ones before, will not have an honest answer. Suppose the question is rephrased “The prosecution is being castigated for misrepresenting the evidence, is it fair?” My answer will be yes. The prosecution is misrepresenting their evidence. “When he is castigating Cuevas, is he being bought?” My answer is no. I can’t prove it. “When Sen. Santiago lambasts the prosecution, is she being truthful to the spirit of the Law?” Yes if they’re misrepresenting their evidence. “When… Read more »
Trosp
Guest

@dikonamasikmura

I’m patiently waiting for your reply.

If you won’t reply, I’ll be banned from this blog because I’m driving away a lot of commenters here.

mommyjo
Guest

BTW, posters here who use crude language and name-calling are a real turn off. The more that their arguments will be ignored for their crassness. We used to have that old Tagalog term “baros”, bullies who are crass in order to intimidate because they actually lack substance.

PrincesaUrduja
Guest
@benignO “total funds moving into the Corona accounts over the period amounted to USD 28.7 million while total outflows amounted to USD30.0 million. Assuming that the beginning balance in 2003 was zero, that amounts to an ending balance in 2011 of minus USD 1.3 million” If this computation is accurate, the negative balance only suggests that the disputed dollar accounts were already significant prior to 2003. That means, the beginning balance could not have been zero. If you really know anything about “basic accounting”, I wonder why you haven’t thought of this net cash flow possibility? It’s so simple to… Read more »
Teabag Deluxe
Guest
“Anyone could “have intuitively grasped” the difference if he or she were listening attentively. Ombudsman Morales already told everyone that what she had presented was not the “ending balance” but “transactional balance”. Nevertheless, she showed computation of Corona’s account with fresh deposits amounting to more than 12 million US dollars. Still significantly huge.” My bank account has a total transactional balance of millions in the past 10 years. However, I’m not a millionaire. Know why? That’s because my company deposits my salary and then I go to withdraw it to use for my expenses, with barely little left. TL;DR –… Read more »
PrincesaUrduja
Guest

@ Teabag Deluxe

“My bank account has a total transactional balance of millions in the past 10 years. However, I’m not a millionaire.”

Same here. I’m also a non-millionaire employee like you. But do we both have millions of dollars flowing in and out of 82 bank accounts? I don’t. Do you?

Teabag Deluxe
Guest

@PrincesaUrduja

Colossal deception on Corona’s accounts

I suggest you read that article by Tiglao. He’s far better than me in explaining these things.

Trosp
Guest

@Teabag

Providing just a link won’t promptly convinced comment readers to follow it. The way I see it, at least post some interesting snippets or “teasers” that will call their attention.

There are lot of comment posters here that will only read items that conforms to their agenda. This is aside from their having a reading comprehension problems.

That’s why they’re clobbered most of the time in engaging discussions.

BTW, the link that you have just provided is very interesting. As if I’ve read a preview of a Ludlum’s classic.

Trosp
Guest

@princesa

So you’re telling us that this old bitch Carpio is 100% accurate even she was using an unauthenticated documents from AMLA. That’s the way I see how your mind works.

“The only sure comedy of error here was when the defense camp subpoenaed Ombudsman Morales. Corona’s camp never anticipated that the testimony of the hostile witness would become their greatest blunder.”

How did you determined that. Did the defense whined about that?

Can’t blame you for imagining scenarios that would fit your narrative.

PrincesaUrduja
Guest
@ Trosp “So you’re telling us that this old bitch Carpio is 100% accurate even she was using an unauthenticated documents from AMLA. That’s the way I see how your mind works.” First, the documents were given NOT by AMLA but AMLC. Check your acronym pls. Second, Ombudsman Morales already said she could not verify the authenticity of the documents unless the concerned banks could prove them as such. But since the transactional balance report were done by an authorized government agency as the AMLC or Anti-Money Laundering Council which is composed of the Governor of the Bangko Sentral ng… Read more »
Daido Katsumi
Guest

PrincesaUrduja: TROLL.

Fact is that you got misled by the media and that’s it. Right? There is nothing much worse than the incompetent prosecution and Morales is still confusing things.

Trosp
Guest
@Princesa The way I see it, Carpio’s testimony is only significant if it’s authenticated from the source. Are they? “Under re-direct examination, Carpio Morales said she did not verify the contents of the AMLC document since she would have to go to the banks, which would then cite the secrecy prohibition in the Foreign Currency Deposit Act. Lead defense counsel Serafin Cuevas tried to weaken her credibility by going over the contents of the AMLC document and asking her if she knew whether the information on the dollar accounts are verified. Carpio Morales admitted she did not know the origins… Read more »
Trosp
Guest

Just like those 45 properties that were attributed to Corona.

A classic comedy of error exemplar.

itchyBB
Guest
Ok so she relied on another department to get the details. The question is, did the other department authenticate the account? Will they be able to testify in court that the accounts/data are accurate and cannot be debunked? Those are the problems found on the testimony. Her arrogance and obvious bias on “depends on the compliant” shows that everything was rushed during the holiday. That is where the weakness of the evidence lies. Ok, let’s say you’re a businesswoman and you need to present a report to a client. You requested for a “reliable” source for data, no interpretation yet.… Read more »
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