P2,770.73 more in Coronas’ accounts garnished

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More monies of former Chief Justice Renato Corona are placed on hold but these still fell short of the P130 million that government prosecutors aim to secure pending resolution of a forfeiture case against him and his wife Cristina.

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In two separate letters, the Land Bank of the Philippines (LBP) and BDO responded to the notice of garnishment against the spouses Coronas’ bank accounts.

“Please be informed that per records transmitted to this Office, only Renato C. Corona has an account with LandBank’s UN Avenue Branch which, however, is not sufficient to fully satisfy the total judgment obligation amounting to P130,587,012.75 as stated in the Notice of Garnishment,” LBP Vice President Rosemarie Osoteo wrote.

“Garnishment had already been effected on said account amounting to P2,155.67 as of February 25, 2015,” LBP informed Sandiganbayan Sheriff Alexander Valencia.

BDO, meanwhile, told Valencia in a letter received last March 17 that the couple has an account with their Loyola Heights-Berkeley Residences Branch that contained only P615.06.

“In view thereof, we have instructed our Loyola Heights-Berkeley Residences Branch to place on hold, until further instruction from us, the amount of Php615.06 from the account of Renato C. Corona and Cristina Roco Corona,” wrote Loreta Garcia-Marasigan, assistant vice president of BDO’s Legal Services Group.

The Coronas are facing the forfeiture case before the Sandiganbayan’s Second Division in connection with the former Chief Justice’s alleged misdeclaration of his Statement of Assets, Liabilities and Net Worth (SALN) from 2003 to 2010.

In the petition for forfeiture filed last year, the Office of the Ombudsman sought a writ of preliminary attachment,which aimed to freeze P130 million worth of the couple’s assets to secure the government’s claim.

A writ of attachment in effect keeps the money from being withdrawn or pieces of property from being transferred.

On April 30, the anti-graft court found adequate bases and issued the freeze order on the respondents’ assets pending resolution of the case.

Based on a Sheriff’s Report last March 12, a total of P7,580.98 maintained in the Philippine National Bank (PNB) and Bank of the Philippine Islands (BPI) were garnished.
Also garnished to satisfy the government’s claim were several pieces of real property under the respondent couple’s name, including one condominium unit each in Loyola Heights, Quezon City; Bonifacio Ridge, Fort Bonifacio; The Columns, Makati City; and four condominium units in Belagio I, Fort Bonifacio in Taguig City (Metro Manila).

The court’s order also applies to the couple’s supposed dummies, trustees, assignees, nominees, successors-in-interest that may be found or located in the Philippines.

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