DOLLAR ACCOUNTS. Will the Supreme Court on Tuesday decide
with finality on the TRO against the disclosure of Chief Justice Renato
Corona’s dollar accounts?
MANILA, Philippines – The Supreme Court (SC) on Tuesday, March 20, is set to discuss the temporary restraining order (TRO) it issued last month on the disclosure of Chief Justice Renato Corona’s dollar accounts in the Philippine Savings Bank (PSBank).
It is unclear, however, if the SC justices will vote on the matter during their en banc session Tuesday.
After Tuesday, the High Court’s next en banc session will take place April 10. The impeachment court also takes a long break next week and won’t resume trial until the first week of May.
Issued on February 9, the TRO stopped PSBank from further testifying and presenting documents before the impeachment court about Corona’s dollar accounts. Citing bank secrecy laws, the SC voted 8-5 to issue the TRO.
The prosecution has appealed the ruling, and it is now up to the High Tribunal to decide on the matter with finality.
When it rested its case before the impeachment court, the prosecution said it reserved the right to pursue Corona’s dollar accounts pending a final decision by the SC.
Information reaching the prosecution shows that aside from his PSBank dollar accounts, Corona had at least 2 others in another bank amounting to no less than US$500,000.00.
Will voting change?
Read the full story >> SC agenda: Corona’s dollar accounts