Record of the Senate - Integrated Bar of the Philippines

54 TUESDAY, MAY 8, 2012Senator Drilon. Okay. At iyan po ay—May I direct this question now to Attorney Roy?Those 4,839 shares constituted 90 percent, more or less, of the corporation?Mr. Roy. To my understanding, Your Honor, yes, that is correct.Senator Drilon. And the sale took place when? 2003, auction sale?Mr. Roy. The auction sale, Your Honor, for the record, will show September 30, 2003.Senator Drilon. September 30, 2003, 4,839 shares which is almost 90 percent of thecorporation.The Presiding Officer. 97 percent of the corporation.Senator Drilon. 97 percent. Sorry, Sir, 97. Ah, 90.7. Which is 90.7 percent of the corporationwas sold for P28,000 to Carla Corona-Castillo.Mr. Roy. That is my understanding, Your Honor.Senator Drilon. And as of June 5, 2001, the corporation had in its coffers at least P34,703,800which is the proceeds of the sale of the Basa-Guidote property to the City of Manila, is that correct?Mr. Roy. That appears to be the evidence on record, Your Honor.Senator Drilon. Yes. So that the corporation was purchased by the daughter of Cristina Coronafor P28,000 when Cristina Corona, as assistant corporate secretary, knew at that time that there wasat least P34,703,000 in the checking account or in the bank account of Basa-Guidote.Mr. Roy. Not to quibble, Your Honor, but yes, it appears that way.Senator Drilon. You do not have to quibble because those are the facts.Now, where are the shares now?Mr. Roy. Well, Your Honor, if you are asking—are you asking about the certificate?Senator Drilon. No, no, the certificates of stock. The certificates of stock, in whose nameis it now?Mr. Roy. I have not seen them, Your Honor. I do know, I think I can tell you candidly thatthe Stock and Transfer Book cannot be located at this time.Senator Drilon. All right. Mr. Sheriff, noong binenta na po ito, ikaw ay gumawa ng—ano ang tawag doon—certificate of sale.Mr. Bisnar. Certificate of Sale po, Your Honor.Senator Drilon. Certificate of Sale.Mr. Bisnar. Opo.Senator Drilon. At ano po ang nakalagay sa Certificate of Sale? Na ang 4,839 na sharesay nasa pangalan na ng Carla Corona-Castillo?Mr. Bisnar. Carla Castillo po.Senator Drilon. Ha?