Cristina Corona’s relatives want her removed from post

Cristina Corona's relatives say she abused her authority as administrator of their estate

Corona's wife has her own legal battle to face

MANILA, Philippines – The camp of Chief Justice Renato Corona is expected to prove to the impeachment court that part of the millions in his bank accounts and the money he used to purchase properties came from his wife’s family business.

The relatives of Mrs Cristina Corona said though that if this was the case, she abused her authority as administratix of their estate and should be removed from her post.

In a motion filed before Branch 12 of the Manila Regional Trial Court on March 2, the Basa family asked the court to replace Mrs Corona as administratix of the Basa Guidote Enterprises Inc. or BGEI, with a public accountant.

BGEI has a 1,000 sq m-lot in Manila where a commercial building stood. The building was leased to 8 tenants; in 2001, the building was expropriated by the Manila local government for P34-M.

The BGEI was dragged into the impeachment trial of the Chief Justice after he said that he got an P11-M loan from the company to pay for some of the condominium units he had acquired.

He also said that the P32.6-M that he withdrew from 3 bank accounts a day before he was impeached in December 2011 belonged to BGEI.

The Basa family, however, said that as the administrator, Mrs Corona should not have lent money or engaged in self-dealing. If she intended to do these activities, she should have informed the court, the family said.

Grandma’s estate

Mrs Corona was appointed as administratix by a Manila lower court in 1997. As administratix, she oversees the management of her grandmother’s estate which comprise 80% of the shares in BGEI (along with some furniture).

BGEI was passed on by Cristina’s late grandmother, Rosario Guidote vda Basa, to her children – Basa III, Cristina’s mother Asuncion, Raymundo, and Flor Maria.

The control over BGEI has resulted in a bitter family feud.

Jose Ma. Basa III, Mrs Corona’s uncle, sued her for estafa in 1995 after she allegedly failed to account for rent payments.

Cristina filed a case of libel against him and her two aunts after they put up a notice published in the Philippine Daily Inquirer regarding the reported unaccounted rent income.

In a recent interview with the Inquirer, Ana Basa, one of the heirs of Basa III, said that they were surprised to find out about the P11-M cash advance and the P32.6-M that Corona is now claiming to have come from BGEI.

She said that a board resolution should first be secured before a loan is made, adding that if the money has been returned, to whom did they give it?

In an interview with news channel GMA7 Wednesday, March 7, Chief Justice Corona said that it was the Basas who acted unitalerally in gaining ownership over another family property, which was worth P2-B. – Rappler.com