DOJ sets first hearing on Corona tax evasion case-A A +A
Wednesday, September 12, 2012
MANILA -- The three-man panel tasked to evaluate the P150-million tax evasion raps against former Chief Justice Renato Corona and two relatives will have its first hearing on September 25.
The hearing will be held at the Department of Justice in Manila before a panel headed by Senior Assistant State Prosecutor Roseanne Balauag and Prosecution lawyers Roland Estepa and Javee Laurence Bandong.
Summons will be sent to Corona and two other people for them to attend the probe.
According to the Bureau of Internal Revenue (BIR), Corona deliberately failed to pay P120.5 million in taxes as a result of his acquisition of pricey condominium units and a house during his 10-year stint at the Supreme Court.
Also charged before the DOJ is Corona's daughter Carla for violating section 254 of the National Internal Revenue Code (NIRC) or attempting to evade or defeat taxes in 2010 and violating section 255 or failing to file an income tax return for the same year.
Her husband Constantino Castillo III is likewise cited for evading taxes in 2003 and 2009 and failing to file an ITR in 2003. Both have an accumulated income of less than P3 million yet they were able to buy P43.5-million worth of properties in Quezon City.
The couple's tax liabilities are estimated at P30 million. (Virgil Lopez/Sunnex)