This exchange between Sen. Frank Drilon and SC chief Renato Corona raises more questions about Corona’s credibility:
- THE CHIEF JUSTICE. Iyong pesos naman po, gaya po nung ipinaliwanag ko, hindi ko pa rin nireport ‘yun kasi co-mingled funds ‘yon ng hindi—sa pangangasiwa ko lang po iyon hindi naman po sa amin ‘yon.
SEN. DRILON. Okay. Iyon po ay sa pangangasiwa mo. Ngunit hindi ba dapat iyong pera na nasa pangangasiwa mo ay dapat ireport mo rin at iyong corresponding liability ay ireport mo. Halimbawa, 34.7 million ang inyong hawak for BGEI, iyan po ay liability, ngunit iyan din po ay assets, hindi po ba ‘yun?
THE CHIEF JUSTICE. Pardon me, Senator, pero hindi po ako accountant.
SEN. DRILON. Okay, sige.
THE CHIEF JUSTICE. Hindi po ako nakakaintindi nung mga asset-liability debit-credit na ‘yan. Ang naintindihan ko lang po, iyong ordinaryong pagkakaintindi ng abogado diyan, na hindi naman akin, hindi ko naman inutang, kaya hindi ko naman po kelangang ireport.
Eto yun bio ni Corona na nakasulat sa Supreme Court website
- After law school, he pursued the Master of Business Administration course (without thesis) at the Ateneo Professional Schools. In 1981, he was accepted to the Master of Laws program in Harvard Law School where he focused on foreign investment policies and the regulation of corporate and financial institutions.
As a young lawyer, Chief Justice Corona served as special counsel at the Development Bank of the Philippines. He later became senior vice-president and general counsel of the Commercial Bank of Manila and later, a senior officer of the Tax and Corporate Counseling Group of the Tax Division of Sycip Gorres and Velayo (SGV & Co.).
How did the man who earned an MBA from Ateneo, a masters of law from Harvard where he specialized on “foreign investment policies and the regulation of corporate and financial institutions” and then worked as a special counsel for DBP, a senior vice-president and general counsel of the Commercial Bank of Manila, and a senior officer of the Tax and Corporate Counseling Group of the Tax Division of SGV, the top auditing and tax consultant firm in the Philippines, not know about such a basic accounting concept like assets and liabilities?