By Perfecto T. Raymundo, Jr.
Impeached Supreme Court (SC) Chief Justice Renato C. Corona on Tuesday admitted before the Senate Impeachment Court that his family is not into investing in properties but invested instead in foreign exchange.
Corona told the Impeachment Court that it would be hard to understand the Basa-Guidote Enterprises, Inc. (BGEI) shares without knowing about their conflict.
He said that one of the reasons for Basa-Guidote conflict is the Libis Compound, in Quezon City, adding that, the problem with their family is that they are very wealthy, but the assets are tied in the property.
Corona said that for five months they were insulted in the newspapers on purportedly how his wife was so selfless and ruthless. "Walang katotohanan 'yan (There is no truth in it)," he said.
Corona said that Mr. Jose Ma. Basa was not the one who was oppressed, but rather, Basa was the one who oppressed.
Apologizing for saying such statement, Corona said that the public has to know, adding that, Mr. Basa had no job such that during his entire life he (Basa) was a "spoiled brat" and rich.
Corona denied any knowledge about the Basa-Guidote shares sale, saying that, he did not know what happened, adding that, he was not present then and his wife has her own lawyer.
He read the letter of his daughter Carla, saying that, her purchase of BGEI shares has "complied with the process of law".
In the letter read by Corona, Carla Corona denied that her father used his influence for her to gain control of BGEI.
Corona read daughter's letter: "Who is oppressing whom? Jose, Raymunda Basa fled the country when mom won case against them."
Based on Carla's letter, the total value of the BGEI shares was only P22,000 such that risk was so great "I was willing to bid up to P50,000".
Corona said that with the family feud, they never bought the property and invested in foreign exchange because it was easier to divide for their children.
Corona reiterated that the alleged 45 properties belonging to him is a "big lie", saying that, he does not have 45 properties, adding that, he did not conceal any property which he did not declare in his Statement of Assets, Liabilities and Net Worth (SALN).
He said that he only had five properties which were declared in his SALN.
He said that the "fair market value" declared in his SALN was being assessed and updated periodically, adding that, the "fair market value" based on the tax declaration was more reliable, accurate and updated.
Otherwise, Corona said, if the "fair market value" would be the basis, every year there would be a need for the appraiser, adding that, it was not the intention of the SALN Law.
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