Lacson asks witness about acquisition cost

Rappler.com
Sen. Lacson asks witness where acquisition cost comes from, Villaruz says it comes from the deed of sale

MANILA, Philippines – Sen. Lacson asks witness where acquisition cost comes from, Villaruz says it comes from the deed of sale.

Panganiban of the Prosecution says SALN not truthful because properties undervalued if you compare to acquisition cost.

Lacson asks defense about a certain P5 Million discrepancy, defense says they will deal with it in the right time. Lacson says he has different computation of Corona’s acquisition cost compared to what is indicated in Corona’s SALN. Lacson points out if the total is for fair market value, it should be in that column, not in acquisition cost.

Lacson insists Corona should testify to explain why he put total under acquisition cost column, not fair market value. Cuevas says if it was simple mistake in the SALN, Corona should not be convicted. – Rappler.com