We beg to differ.
A big gray area now looms over the Senate impeachment trial of Supreme Court Chief Justice Renato Corona after the questioning yesterday (the 8th of Feb) of prosecution witness Pascual Garcia III who is president of Philippine Savings Bank (PSBank) raised the ugly heads of the Philippines’ bank secrecy laws further. During questioning conducted by…
The Philippine banking system is out of luck. Trust is the key component of the social capital deficit that saps Philippine society of the substance and conviction needed to do things properly and aspire to greatness. Even as the honourable statesmen of the Philippine government debate its definition, the broader swath of Philippine society consistently…
Read More “Ill-gotten evidence used to prove ill-gotten wealth” »
Looks like the venerable Philippine Savings Bank (PS Bank) is the next hapless chump thrust into the circus spotlight. In the usual tradition of the way the prosecution habitually pre-empts any court order to authorise any of its police activities, an “envelope” delivered by a shadowy “small lady” allegedly containing Supreme Court Chief Justice Renato…