Record of the Senate - Integrated Bar of the Philippines

26 TUESDAY, MAY 8, 2012Mr. Roy. Four hundred eighty-six (486), Your Honor.The Presiding Officer. Four eighty-six (486). And who are the owners of this four eighty-six(486)?Mr. Roy. I think Sister Flory Basa would be one of them, although I am not certain as to theremainder.The Presiding Officer. All right, proceed.Mr. Roy. And that this four thousand seven hundred twenty-nine (4,729) shares and the onehundred ten (110) shares that were auctioned off by Sheriff Bisnar…The Presiding Officer. Four thousand (4,000)…Mr. Roy. Seven two nine (729).The Presiding Officer. …Seven two nine (729).Mr. Roy. And one hundred ten (110)—The Presiding Officer. One hundred ten (110).Mr. Roy. —belonging to Raymunda Basa, Mr. President.The Presiding Officer. Was she a respondent in the case?Mr. Roy. Yes, she was convicted as well, Mr. President. And that total, that sum of shares wassold at public auction for twenty-eight thousand pesos (P28,000.00) to one Carla Corona Castillo, thedaughter of the Chief Justice.Mr. Ginez. We admit, Your Honor.The Presiding Officer. All right.Mr. Roy. In that case, Your Honor, I can dispense with the direct.The Presiding Officer. And this is the owner of the property that was sold to—Mr. Roy. To the city of Manila, Your Honor.The Presiding Officer. —to the city of Manila?Mr. Roy. Yes, Your Honor.The Presiding Officer. For thirty four (34)—Mr. Roy. Point seven (7) million.The Presiding Officer. —Point seven million (P34.7).Mr. Roy. Yes.The Presiding Officer. That was the asset of the corporation.Mr. Roy. Yes, Your Honor. And the purpose for establishing these facts is to demonstrate tothe Court that whatever it is was done with the so-called Basa-Guidote funds will, in effect, be capableof ratification by the purchaser of the shares as the virtually the sole stockholder.