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Bacolod City, PhilippinesSaturday, September 15, 2012
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‘BDO adamant on
Corona dollar accounts’

MANILA – Banco de Oro is adamant about giving details of the dollar accounts of former Supreme Court Chief Justice Renato Corona, a government press release said.

The details are being eyed for use by the Bureau of Internal Revenue to amend the tax evasion case it has filed against Corona, the press release said.

BIR Commissioner Kim Jacinto-Henares said almost all the banks where Corona has dollar accounts have confirmed that they will give details which the BIR had earlier requested from them.

Henares said many banks have replied to their request pertaining to the foreign accounts of the former chief justice.

She also said that BDO has a pending petition for declaratory relief before the Makati City Regional Trial Court over the Corona accounts.

The BDO argued that dollar accounts are covered by the "absolute confidentiality rule" on foreign accounts, the press release said.

Corona has withdrawn his waiver to open his dollar accounts after the impeachment trial against him, it added.

The BIR has filed a P120.5-million tax evasion case against Corona, while his daughter and son-in-law were charged with a P30-million tax evasion case, the press release also said.*


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