Miriam Defensor Santiago Wants Renato Corona Bank Records Secret
source: PDI
Prying open Chief Justice Renato Corona’s bank accounts as part of the evidence in his impeachment trial may scare away investors and have “devastating” effects on the economy, Senator Miriam Santiago said Wednesday.
At a press conference away from the impeachment court, Santiago warned that breaking the bank secrecy law and exposing Corona’s bank accounts in a public trial could spell trouble for the country’s economy.
“The danger I see is that potential bank investors in the Philippines will withdraw their deposits and transfer them to Singapore, which is now beginning to be known as the Switzerland of Asia, because their security procedures are so airtight that there is almost absolute confidentiality about accounts,” said Santiago.
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