Sunday, March 11, 2012

Corona 'willingness' to show dollar deposits moots TRO, Drilon says

source: http://www.interaksyon.com/article/26477/corona-willingness-to-show-dollar-deposits-moots-tro-drilon-says

MANILA, Philippines – After Chief Justice Renato Corona reiterated his vow to open for scrutiny his dollar accounts, Senator Franklin M. Drilon has called on the Supreme Court to lift the temporary restraining order it earlier issued on the Senate’s subpoena on those accounts.
In a series of media interviews last week—an apparent roadshow to explain himself on the eve of resumption of trial at the impeachment court on March 12---Corona said that he was willing to open all his bank accounts, including his foreign currency deposits, when senator-judges are convened again.
“The TRO preventing the opening of dollar accounts of the Chief Justice has, in effect, become moot and academic since Corona said he was willing to divulge his dollar accounts,” explained Drilon.
Kung yung may-ari nga ng account ay handang ipakita yung kanyang bank accounts, kasama ang dollar deposits, bakit pa kailangang pigilan ito ng Supreme Court [It doesn’t make sense for the SC to stop the revelation of the dollar deposits when the account owner himself professes willingness to show them],” said Drilon.
The TRO was issued in a vote of 8-5 favoring the petition of Philippine Savings Bank, through its president Pascual Garcia III, who opted to testify at the impeachment court only on local currency deposits of Corona and not on the dollar accounts.
With Corona’s supposed willingness, Drilon said opening his dollar accounts will no longer violate Republic Act 6426, the law that protects foreign currency deposits in the country, when the Senate, sitting as an impeachment court, asks for it when session resumes.
“The bone of contention before was that the opening of his dollar accounts would violate the provision of RA 6426, but now, with the recent development, it appears to me that no provision would be violated in case the Senate inquires on his dollar accounts,” said Drilon.