Wednesday, January 18, 2012

CORONA RICHER BY P8M AFTER JOINING SC, SALNS SHOWC


MANILA, Philippines - Supreme Court Chief Justice Renato Corona's net worth jumped from P14.9 million in 2002 to P22.9 million in 2010, according to documents submitted to the impeachment court on Wednesday.

Based on Corona's 2010 Statement of Assets, Liabilities and Net worth (SALN) turned over by Supreme Court Clerk of Court Enriqueta Vidal, Corona bought a condominium in Makati in 2003 worth P1.2 million, a condominium in Taguig in 2004 worth P2.3 million, and another condominium in Taguig in 2010 worth P6.8 million.

These prime properties were purchased purportedly on installment after Corona was appointed to the Supreme Court in 2002 by then-President Gloria Macapagal Arroyo. His net worth has gone up by P8 million since his appointment to the high court.

Corona's net worth has been rising since 2004, based on his SALNs.

Corona's net worth was P7.3 million in 2004. It went up to P8.3 million in 2005, P9.5 million in 2006, P11 million in 2007, P12.5 million in 2008, P14.5 million in 2009, and P22.9 million in 2010.

The condominium in Makati is believed to be a unit in The Columns, Ayala Avenue, Makati City.

The 2 condominiums in Taguig City are believed to be a unit at Bonifacio Ridge and a unit in Bellagio Tower.

Corona has admitted to owning a 300-square meter apartment in The Fort, Taguig, and that he has declared this in his SALN "when they acquired it," according to his reply to the impeachment complaint.

He has also admitted to owning 4 other properties from a Land Registration Authority (LRA) list of 45 properties released by House prosecutors last week.

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