Vote on SC TRO Draws the Line

PS Bank's petition for TRO on FCDU was granted by SC

Last February 9, 2012, the Supreme Court en banc decide to grant PS Bank's petition for temporary restraining order (TRO) on the public disclosure of Chief Justice Corona's dollar accounts with the bank.

The issuance of TRO triggered a debate among senator-judges on whether the Supreme Court can exercise its innate power to do judicial review on matters being discussed by the impeachment court.

Bank on this - Osmena Makes No Sense

Senator Osmena

Day 14 of the Corona impeachment hearing included the testimony of PS Bank president Pascual Garcia III on the subpoenaed alleged deposit accounts of the chief justice.

The bank president was asked by the impeachment court to present documents pertaining to 10 deposit accounts. However, Garcia came with information on five of the accounts. Apparently, the other five are foreign currency deposit accounts.

Garcia explained that there are two laws that separately govern peso and foreign currency deposit accounts, with the latter being more stringent when it comes to confidentiality.