A defense witness in Vice President Sara Duterte’s impeachment trial on Wednesday questioned the accuracy of a forensic report indicating that Duterte holds a 20% stake in GenCorp Industries, saying the findings were inconsistent with the corporation’s official records.
Atty. Suzette Balucanag-Punay, in-house counsel of GenCorp Industries and Metro City Chow Foods Corp., described the report presented by forensic expert Atty. Alexander Cabrera as “inaccurate” and his testimony as “absurd,” citing discrepancies in the company’s recorded paid-up capital.
“This is inaccurate. It is inconsistent from the records of the corporation,” the witness said.
“I do not know where to put it. It’s absurd,” she added.
Punay told the Senate impeachment court that corporate records show only 1.2 million in total paid-up capital, while applying the reported 20% shareholding would bring the amount to 1.5 million.
Her remarks drew an objection from House prosecution counsel Atty. Lorna Kapunan, who moved to strike the statement from the record.
