Record of the Senate - Integrated Bar of the Philippines

TUESDAY, MAY 8, 2012 27The Presiding Officer. And when was the sale to the city of Manila?Mr. Roy. That was in 2001, if I am not mistaken, Your Honor.The Presiding Officer. 2001. And the acquisition of the shares by Carla Corona?Mr. Roy. 2003, Your Honor, September 30.The Presiding Officer. And the shares were only sold for twenty-five thousand pesos(P25,000.00)?Mr. Roy. Twenty-eight thousand pesos (P28,000.00) in all, Your Honor, in public auction, YourHonor.The Presiding Officer. For a corporation that has an asset of thirty-four point seven million(P34.7 million)?Mr. Roy. That is right, Your Honor.The Presiding Officer. All right, go ahead.Mr. Roy. So, I want to know if the opposing Counsel is willing to stipulate.Mr. Ginez. We stipulated already on the fact of the sale, Your Honor—on the fact of the issuanceof the Certificate of Sale in favor of Carla Castillo, subject to cross, Your Honor.Mr. Roy. All right.Now, we also…Your Honor, then that is…The Presiding Officer. By the way—Mr. Roy. Yes, Your Honor.The Presiding Officer. —for the information of this Court, this is a peripheral issue but,nonetheless, since you connect it with the Impeachment Case, what was the percentage of this fourthousand eight hundred thirty-nine (4,839) to the totality of the shares of stock of the corporation?Mr. Roy. Your Honor, mathematically, that amounts to 90.87 percent.The Presiding Officer. 90.87 percent.Mr. Roy. Yes, Your Honor.The Presiding Officer. Three percent was the minority?Mr. Roy. Yes, Your Honor.The Presiding Officer. Did the minority get paid for their shares?Mr. Roy. Not yet, Your Honor. The remaining shares of 485 or 486 have not been acquiredby either the Chief Justice or his daughter. They remain in the hands of the—if I am not mistaken, someof the siblings of Mrs…The Presiding Officer. Is the corporation liquidated?Mr. Roy. No, Your Honor. It has not been liquidated.