From dollars to cars: are they ‘illegal?’

Former monetary officials say Chief Justice Corona may have engaged in “illegal” activity if what he said in his testimony in his defense is true. “If he was trading already in the late 60s — he said 1968 — there were still import and foreign exchange controls then, so the only way he could get dollars was from the black market,” said Dante Canlas, a former member of the Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas. “There’s now a chief justice who had been doing illegal things since 1968,” added the former economic planning secretary who currently holds the BSP Sterling professorial chair in monetary economics.  When Corona testified, he arrived at the Senate in a car with tampered or different license plates.  Rappler followed a police investigation after another car owner complained his license plate was being used by Corona’s black Suburban.  Defense lawyers tell Rappler Corona rented the car.

 

Read about the dollar activity here and the car here  – all on Rappler.

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