About this transcript: This is a full AI-generated transcript of Day 42: VP Sara Duterte Impeachment Trial (Part 3) NAG-INIT sa hindi pagsagot ang Defense Witness from Pinas News, published November 11, 2026. The transcript contains 3,242 words with timestamps and was generated using Whisper AI.
"One of those rights is not to be badgered by questions, only this impeachment court will resolve in the final decision it will make. Because what Attorney Caponan is asking the witness is, isn't this a constitutional violation? I am badgering, Your Honor. I have the right to badger. We have the..."
[0:00] One of those rights is not to be badgered by questions, only this impeachment court will resolve in the final decision it will make.
[0:07] Because what Attorney Caponan is asking the witness is, isn't this a constitutional violation?
[0:13] I am badgering, Your Honor. I have the right to badger.
[0:16] We have the right to badger a witness who does not want to answer a question that should be answered.
[0:24] Seems to me, 15 years ka, abogado, mukhang hindi ka pa ready. Or, nagmamangmangan lang po kayo.
[0:33] Okay. In the Articles of Incorporation of Davao Bounty Times Foods Corporation, in particular, paragraph 8, it says,
[0:48] At least 25% of the authorized capital has been subscribed, and at least 25 of the total subscriptions has been paid up as follows.
[1:00] And there is a listing here, among others.
[1:03] In particular, call your attention when you say return of investment.
[1:20] Sarah C. Duterte, per this Articles of Incorporation, subscribed to 1,875 shares in the total amount of 187,500, and she only paid 46,875 pesos.
[1:47] So, in sum, her investment in this company that you said was giving back return on investment of a total amount of 2.1.
[2:01] Her investment is only 46,875, based on these Articles of Incorporation.
[2:10] My question to you is, are you referring to any other Articles of Incorporation?
[2:17] Because this is what the article says.
[2:20] Her only investment paid up is 46,000.
[2:23] Do you have any other document attesting to what Sarah V. Duterte invested then in this company?
[2:33] No.
[2:33] No other document.
[2:35] Okay.
[2:36] So, you have no basis for saying that this total of 2.1 million, which you characterize as return on investment.
[2:51] There is no basis for your saying that.
[2:53] Objection, Your Honor.
[2:54] Misleading and argumentative.
[2:56] Argumentative.
[2:57] Move on, counsel.
[2:58] We get the point.
[2:59] Okay.
[3:01] So, how do you, what then, if 2.1 million, if you match it with what she paid to the company, there is a mismatch.
[3:11] What then is the 2.1 million for?
[3:16] That was returned to the Vice President.
[3:21] Asked and answered, Your Honor.
[3:22] The witness has already repeatedly testified that this is return of capital, Your Honor.
[3:27] Your Honor, please, precisely, this is cross.
[3:30] The capital she put in is only 46,875.
[3:36] And yet, the return is 2.1 million.
[3:41] For a company, Your Honor, that has been dissolved and did not continue the franchise.
[3:49] And which was absorbed by Gencore, Your Honor.
[3:53] How can that be explained?
[3:55] The witness answered that it is for return of capital, the 2.1 million.
[4:03] When asked what capital, she replied, Because of Davao bounty.
[4:09] Yes.
[4:09] As correctly pointed out by counsel, her capital contribution is only that.
[4:14] And counsel asked the witness, What else, if any, capital should be returned, given that her contribution is only 48,000?
[4:23] And she said, She's not aware of any other.
[4:27] That was already answered, counsel.
[4:29] Hindi niya na alam kung saan pa at kung bakit nagbibigay ng return of capital outside of Davao bounty.
[4:38] Correct, Attorney Suzette?
[4:39] Yes, Your Honor.
[4:41] Kung may ibang rason man, hindi niya na alam.
[4:44] Ang alam niya lang, Davao bounty na pinapakita nga dito, eh dapat matagal ng bayad.
[4:51] Yes, Attorney Suzette?
[4:53] This was in 2007, Your Honor.
[4:55] And I have no other document aside from these articles of income.
[5:01] At hindi niyo rin kayang paliwanan kung bakit umabot na ng 2.1, samantalang yung contribution niya sa Davao bounty ay mababa lamang.
[5:09] Yes, Your Honor.
[5:10] Okay.
[5:11] That's her answer, Attorney Lorna.
[5:13] Okay.
[5:13] So, when you refer to loose investment, you are referring to, if my understanding is correct, you are referring to the money that she put in Davao.
[5:26] Is that it?
[5:27] Davao bounty?
[5:28] Davao bounty.
[5:29] Yes, ma'am.
[5:30] In Davao bounty.
[5:31] That is the loose investment.
[5:34] But that loose investment also is the explanation being used for why the name of the vice president is not in the GIS.
[5:52] Is that what you're saying?
[5:54] Because she is not a shareholder.
[5:56] She just made a loose investment.
[5:58] Misleading, Your Honor.
[5:59] Witness is intelligent enough to answer.
[6:05] Attorney Suzette, you may answer the way you understand the question that have been posed to you.
[6:09] She is not in the GIS of GenCorp because she is not a stockholder.
[6:18] Okay.
[6:18] She is not a stockholder per the GIS, but she is a stockholder per her declaration or admission in her statement of assets and liabilities.
[6:42] Madam Witness.
[6:44] What is the question, Your Honor?
[6:45] The question is, how will you, as an expert, no, not as an expert, having dealt with companies and also being an accountant yourself, how would you reconcile this discrepancy?
[7:06] If any, if you can.
[7:08] Your Honor, apologies.
[7:09] And with all your respect to the counsel for the prosecution, I think this is connected already and had already been answered by the witness in a previous answer.
[7:17] She already explained that she cannot answer for the Vice President, Your Honor.
[7:22] In respect to clarifying that.
[7:26] So to ask the witness how you can reconcile that inconsistency, the witness already answered.
[7:31] She cannot answer for the Vice President.
[7:34] To abbreviate, counsels, to abbreviate the proceedings and I guess this is in the mind of some of the senator judges as well.
[7:43] Attorney Suzette, sabi nyo return of capital at sabi nyo anong capital yon, Davao Bounty.
[7:50] Sa Davao Bounty, ang binayaran lamang ng Vice President ayon sa record ay 48,000.
[7:57] Yung binibigay ng Gencorp Times Square Branch Jollibee sa kanya mula 2022, 45x na, 45x na, 45x na, nung kanyang investment sa Davao Bounty.
[8:15] Hindi na po ito, and please take note of the preposition I will use.
[8:22] Hindi na po ito return of investment.
[8:26] Return on investment na po ito.
[8:30] Return of investment, hindi po ba?
[8:32] Ginamit nyo kasi ganina, return of investment eh.
[8:35] Binalik yung ininvest.
[8:39] Binalik yung kapital lang.
[8:41] Return on investment, may kita na yung kapital.
[8:45] Kasi nga, yung binibinayaran lang ng Vice President ayon sa dokumento ay 48,000 sa Davao Bounty.
[8:53] Ngayon, posibleng may ibang dahilan na hindi nyo alam.
[8:58] At ang sagot nyo, hindi nyo haalam kung ano pa yung iba.
[9:01] To your knowledge, ito lang po yun.
[9:03] So, base sa sagot nyo, hindi lang po ito return of investment, return on investment na po ito,
[9:11] maliba na lang kung may alam pa kayo at masasabing iba pang investment ng Vice President na binabalik.
[9:17] Kung wala na po, then we will leave it at that.
[9:20] Wala na po, Atty.
[9:21] Wala na po.
[9:23] Wala kayong alam.
[9:25] Pero posibleng meron, hindi nyo lang alam.
[9:28] Would that be a fair statement?
[9:29] Hindi ko nga po alam kung meron because I could not verify it from other records.
[9:36] That's the answer of the Witness Council.
[9:39] Move on, Attorney Lorna.
[9:40] Whether it be, in line with the questioning of the presiding officer,
[9:46] whether it be a return on investment or a return of investment,
[9:58] Madam Counsel, you are following.
[10:01] It is still income, correct?
[10:05] Yes.
[10:06] Whether binalik yung ininvest mo, binalik yan.
[10:10] Income yan.
[10:11] With the indulgence of Attorney Lorna, what is the pleasure of Senator Judge Rafi?
[10:18] Kanina pa ako nagtataka, Mr. Presiding Officer.
[10:22] Alam naman niya kung bakit siya kinuhang witness today
[10:25] para sa unexplained wealth ni BP Sara
[10:29] for her to explain the unexplainable.
[10:31] And yet, marami siya mga hindi alam.
[10:36] Tulad na lang nung return on investment or return of investment,
[10:39] she could have at least asked and made some research.
[10:44] Tinanong siya sa sana yung GenCore.
[10:47] Ano ba talaga ito?
[10:48] Return of investment or return on investment?
[10:50] And she cannot answer that simple question from the prosecution.
[10:55] Sana, alam mo pupunta ka rito, Madam Witness.
[10:58] Kumawa ka ng mga research.
[11:00] Tulad yan, return of investment ba or return on investment.
[11:04] Tapos ngayon, wala man lang maipakitang dokumento tulad ng kontrata
[11:09] o cancel check na para ipatunay na yun talaga ay return of investment.
[11:15] Kalimbawa na lang.
[11:16] Di ba alam mo yung may cancel check kung tawagin?
[11:18] Kasi kanina nabanggit mo cheque ang ibinayad para dun sa return of investment.
[11:26] Yes, Your Honor.
[11:27] So may cancel check yun.
[11:28] Nakita mo ba yung cancel check?
[11:30] No, I did not.
[11:31] No, you should have asked a copy of that cancel check
[11:33] kasi alam mo, magtitistig ko ngayon dito.
[11:36] You should have asked for the contract.
[11:38] Ito yung return of investment, sige nasa niyong kontrata.
[11:42] Kung walang kontrata, nasa niyong cancel check.
[11:44] Kasi sa cancel check, sa cheque, nilalagay doon kung para saan niyong binabayad sa kanya.
[11:48] Tama?
[11:49] So you should have at least asked from GEMCOR a copy of that cancel check
[11:54] para pagpunta mo dito, ready-ready ka na.
[11:56] It seems to me, 15 years ka abogado, mukhang hindi ka pa ready.
[12:00] Or, nagmamangmangan lang po kayo.
[12:03] Maraming salamat po.
[12:04] The remarks of the gentleman are noted.
[12:07] Attorney Capunan, your witness.
[12:08] Madam Witness, whether it is a return,
[12:15] of investment, which now is becoming clear,
[12:20] that it is not.
[12:21] Because, because yung 2 million na yan,
[12:29] hindi ma-reconcile sa 40-something thousand lang na ininvest niya.
[12:33] Correct?
[12:34] It is a return of investment,
[12:38] or a return on investment,
[12:40] which means she invested as either creditor,
[12:46] nagpahiram,
[12:48] or shareholder siya,
[12:52] or ito ay bayad sa utang sa kanya kung nagpa-utang siya,
[12:59] or declared as dividend.
[13:00] Whether, regardless of the characterization,
[13:04] it is income.
[13:06] Correct?
[13:07] Asked and answered, your honor.
[13:09] I haven't heard your answer yet.
[13:11] Not yet.
[13:12] Kindly answer, attorney Suzette.
[13:14] I answered yes, your honor.
[13:15] So, it is income.
[13:17] With the permission of attorney Lornas,
[13:19] Senator Judge Bam wishes to make,
[13:23] I mean, what is your pleasure, sir?
[13:25] Just to clarify lang,
[13:26] two quick questions only,
[13:28] just to add to this.
[13:32] Attorney Suzette,
[13:34] iba-iba kasi yung numero dito, no?
[13:36] I mean, iba-iba yung pumapasok na monthly.
[13:39] Ano yung computation
[13:40] para maabot natin
[13:42] yung perang pumapasok
[13:44] kay Vice President Sarah,
[13:46] number one?
[13:46] Number two,
[13:47] are you saying in 2026,
[13:48] wala na siyang natanggap?
[13:49] Tumigil in 2025?
[13:52] With respect to 2026,
[13:54] walang natanggap.
[13:55] The data that I requested
[13:57] is for 2022 to 2025.
[13:59] No, iba yung data
[14:00] that you requested.
[14:01] Are you confirming
[14:02] that she did not receive
[14:03] any more money
[14:04] from Gencorp this year?
[14:06] I cannot confirm
[14:07] if there is.
[14:09] So, you cannot confirm
[14:10] whether the Vice President
[14:11] received any money
[14:12] from Gencorp
[14:13] in 2026?
[14:15] You were the...
[14:16] No po.
[14:16] I am not part
[14:17] of the accounting department, sir.
[14:19] Okay, sige.
[14:20] Second question,
[14:21] ano yung formula
[14:23] to get these figures?
[14:25] Also, the formula.
[14:26] I am not,
[14:27] I do not have
[14:27] any participation
[14:28] in the computation,
[14:29] so I do not know.
[14:31] Pumunta ka dito
[14:31] with these numbers,
[14:32] di mo alam kung paano
[14:33] nakuha yung mga numero.
[14:34] I requested for data extraction
[14:36] for 2022 to 2025.
[14:40] Okay.
[14:41] Your witness,
[14:42] attorney Lorna.
[14:48] Thank you.
[14:50] Madam witness.
[14:57] Regardless of the amount,
[14:58] Madam witness,
[14:59] it could be
[15:00] 43,000,
[15:02] it could be 2 million,
[15:03] it could be more,
[15:04] it could be less.
[15:05] It still is income.
[15:08] Correct?
[15:10] Correct?
[15:12] I already answered yes,
[15:13] Your Honor.
[15:14] Okay.
[15:14] And as income,
[15:16] it should be declared.
[15:21] Correct?
[15:22] Yes.
[15:22] Okay.
[15:23] And this is income
[15:25] which is coming
[15:27] from a business.
[15:30] Correct?
[15:32] Yes.
[15:33] Yes.
[15:33] And of course,
[15:35] as a lawyer,
[15:37] you know
[15:37] that under the Constitution,
[15:40] the Vice President
[15:41] cannot receive
[15:42] any other income,
[15:45] no matter how big
[15:46] or small.
[15:48] She cannot receive
[15:49] any other income
[15:51] or have
[15:53] any business interest,
[15:58] personal,
[15:58] pecuniary interest
[16:00] in any other corporation.
[16:03] It is a clear prohibition
[16:05] in the Constitution.
[16:06] You agree?
[16:07] Your Honor,
[16:08] compound,
[16:09] misleading,
[16:10] calls for a conclusion.
[16:14] Attorney Suzette,
[16:16] only if you know.
[16:19] You may answer
[16:19] only if you know.
[16:20] If you don't,
[16:21] then you may say so as well.
[16:23] I prefer not to answer,
[16:25] Your Honor.
[16:27] You prefer not to answer?
[16:29] You are here.
[16:30] Iba yung you prefer
[16:31] not to answer
[16:31] so you don't know,
[16:32] Attorney Suzette.
[16:33] I don't know,
[16:34] Your Honor.
[16:41] You've made your point,
[16:42] Attorney Lorna.
[16:43] Okay.
[16:43] I don't even know
[16:44] what the question is.
[16:47] Did you prefer
[16:49] not to answer?
[16:50] Why?
[16:51] Why do you prefer
[16:52] not to answer
[16:52] when you're here?
[16:54] Precisely
[16:54] for the purpose
[16:56] of clarifying
[16:57] the situation.
[17:00] Is the Vice President
[17:01] in violation
[17:02] of the Constitution
[17:04] by not declaring
[17:06] income
[17:07] which she received
[17:08] from sources
[17:09] other than her salary?
[17:12] Your Honor.
[17:12] Why can you not
[17:15] answer that?
[17:16] Attorney Lorna,
[17:17] she changed her response
[17:18] to I don't know.
[17:20] You can repeat it again,
[17:21] Attorney Suzette.
[17:22] Your Honor,
[17:22] however,
[17:23] please allow me to speak.
[17:24] Yes.
[17:25] Your Honor,
[17:26] again,
[17:26] our witnesses here
[17:27] are entitled to rights.
[17:30] One of those rights
[17:31] is not to be badgered
[17:32] by questions.
[17:33] Only this impeachment court
[17:34] will resolve
[17:35] in the final decision
[17:36] it will make.
[17:37] Because what
[17:38] Attorney Kapunan
[17:39] is asking the witnesses
[17:40] isn't this
[17:41] a constitutional violation?
[17:42] But at the start
[17:43] of the seating,
[17:44] we are all aware
[17:45] as lawyers,
[17:46] Attorney,
[17:46] that only the respective
[17:48] senator judges
[17:48] can make
[17:49] that final determination.
[17:51] We ask,
[17:52] Your Honor,
[17:52] that this is clearly
[17:53] already badgering
[17:54] the witness
[17:55] as Attorney Lorna Kapunan
[17:57] with all respect
[17:58] knows what she is doing.
[18:00] Your Honor,
[18:00] may we move on?
[18:02] I also know,
[18:03] Your Honor,
[18:03] what counsel is doing.
[18:05] Counsel
[18:05] is manifesting
[18:07] that I'm badgering.
[18:09] I may have a loud voice,
[18:10] Your Honor,
[18:11] but this is already
[18:13] my tame voice.
[18:14] It could be louder.
[18:16] In fact,
[18:16] this is my kind voice
[18:18] when I ask the witness,
[18:19] Your Honor,
[18:20] if she knows.
[18:21] Because she should know.
[18:23] Fifteen years
[18:24] in the practice of law,
[18:26] you do not know
[18:27] what should not be declared
[18:29] and what should be declared
[18:30] as a public officer.
[18:32] You do not know
[18:34] that a public officer
[18:35] cannot receive income
[18:37] apart from her
[18:38] legitimate salary
[18:40] from any other business
[18:41] or exercise
[18:42] of any profession.
[18:44] And to answer,
[18:45] Your Honor,
[18:46] that she prefers
[18:47] not to answer,
[18:48] I think it's a violation
[18:50] of her oath
[18:50] as a lawyer.
[18:52] And that's why
[18:52] I feel agitated,
[18:54] Your Honor.
[18:55] It's a violation
[18:56] of her oath of office
[18:58] that she will say,
[18:59] I do not want,
[19:01] I prefer not to answer.
[19:02] As an officer
[19:04] of the court,
[19:04] especially
[19:05] a highest impeachment court,
[19:08] to say that,
[19:08] Your Honor,
[19:09] I think that should be,
[19:11] that should not be accepted
[19:12] as an answer,
[19:13] Your Honor.
[19:14] I am badgering,
[19:15] Your Honor.
[19:16] I have the right
[19:16] to badger.
[19:17] We have the right
[19:18] to badger
[19:19] a witness
[19:20] who does not
[19:22] want to answer
[19:23] a question
[19:24] that should be answered.
[19:26] Forgive me,
[19:26] counsel,
[19:27] even if she refused
[19:29] to answer.
[19:31] No counsel
[19:31] has the right
[19:32] to badger
[19:33] a witness still,
[19:34] although you can
[19:34] be frustrated
[19:35] or disappointed.
[19:37] However,
[19:38] the witness
[19:40] already answered
[19:41] that she does not know
[19:42] after the court
[19:44] reminded her
[19:45] that she cannot
[19:45] refuse to answer
[19:48] the question.
[19:50] And she already
[19:51] changed her answer
[19:52] and said,
[19:52] She does not know.
[19:54] You have made
[19:54] your point, counsel.
[19:55] You have spread
[19:57] into the records
[19:58] your theory,
[19:59] move on
[20:00] to your next point,
[20:01] Attorney Lorna.
[20:02] Let us now go
[20:03] to Metro.
[20:13] First of all,
[20:19] there seems to be,
[20:20] have you studied
[20:21] the corporate directors
[20:22] of Gencor?
[20:24] Yes, Your Honor.
[20:26] Okay.
[20:27] And you're saying
[20:28] that the previous owners
[20:30] of the predecessors
[20:32] of Gencor,
[20:33] I would have shown it
[20:34] in a slide,
[20:35] but in the interest
[20:35] of time,
[20:36] the predecessor companies
[20:38] of Gencor
[20:39] are no longer
[20:42] in existence.
[20:43] They are dissolved,
[20:44] correct?
[20:46] On the process
[20:46] of dissolution,
[20:47] Your Honor.
[20:48] But the shareholders
[20:49] of those companies
[20:51] also,
[20:53] based on records,
[20:54] and you can verify,
[20:56] are interlocking
[20:57] the shareholders
[20:59] of the dissolved
[21:01] or in the process
[21:02] of dissolving company
[21:04] or in the process
[21:06] of dissolution,
[21:08] are interlocked
[21:09] shareholders
[21:10] or directors
[21:11] with Gencor.
[21:14] Some of them.
[21:15] Objection, Your Honor,
[21:16] lax basis?
[21:17] May we know
[21:17] when?
[21:17] She already answered,
[21:18] counsel.
[21:20] She said some.
[21:21] There are interlocks.
[21:23] Kindly move on,
[21:24] Attorney Lorna.
[21:24] She already answered.
[21:28] And in this interlocks,
[21:32] there is a family name
[21:35] that appears,
[21:37] correct?
[21:38] Very,
[21:39] as a dominant shareholder,
[21:42] the name of JTC
[21:46] or JTC Corporation
[21:48] or the name of the person,
[21:52] Jaime Cruz,
[21:54] correct?
[21:55] Correct, Your Honor.
[21:56] As a corporate counsel,
[21:59] as in-house counsel
[22:00] of Mr. Jaime Cruz,
[22:03] do you know,
[22:03] if you know,
[22:05] if the Vice President
[22:07] knows this Jaime T. Cruz?
[22:10] Misleading, Your Honor,
[22:11] there is no prior testimony
[22:13] that the witness stated
[22:15] that she is the counsel
[22:17] of Jaime T. Cruz himself.
[22:20] She's the counsel
[22:20] of Gencor.
[22:23] We know there's a separate
[22:24] juridical.
[22:25] She answered, yeah.
[22:27] Although,
[22:28] although,
[22:28] although,
[22:29] indeed,
[22:29] nothing has been mentioned
[22:31] about it,
[22:32] the witness,
[22:33] indeed,
[22:34] admitted earlier
[22:34] that she's the in-house counsel
[22:36] of other corporations
[22:38] and that the incorporator
[22:41] of those other corporations
[22:43] is Jaime T. Cruz as well.
[22:48] So,
[22:49] with your indulgence,
[22:50] Attorney Justine,
[22:51] I'll allow it.
[22:52] Witness may answer.
[22:54] Yes, Your Honor.
[22:54] But I only ask that
[22:55] Attorney Capunan,
[22:56] with all due respect,
[22:57] lay the basis.
[22:58] Yes,
[23:00] kindly answer,
[23:02] Attorney Suzette.
[23:06] Jaime T. Cruz
[23:07] is a common shareholder
[23:09] in the defunct
[23:10] or corporations
[23:12] that are in the process
[23:13] of dissolution
[23:14] which used to own,
[23:16] which used to own,
[23:17] rather,
[23:18] the Jollibee franchises
[23:20] bought by Gencorp
[23:21] later on.
[23:22] Yes, Your Honor.
[23:23] And Gencorp's
[23:25] principal shareholder
[23:26] is also Jaime Cruz.
[23:28] Let me verify,
[23:29] Your Honor.
[23:48] It's JTC Group of Companies,
[23:50] Your Honor.
[23:51] JTC Group of Companies
[23:53] which stands for,
[23:55] I guess,
[23:56] Jaime T. Cruz,
[23:57] correct?
[23:58] That's a holding company.
[23:59] Yes, Your Honor.
[24:00] So,
[24:01] it's the holding company
[24:02] that's the biggest shareholder
[24:04] of Gencorp
[24:05] which in turn
[24:06] is owned by
[24:07] Jaime T. Cruz,
[24:08] I suppose,
[24:09] as the acronym suggests.
[24:11] Your Honor,
[24:11] pardon.
[24:12] Yes,
[24:12] I will have to invoke
[24:13] this court's own ruling
[24:15] dated November 5,
[24:16] 2026,
[24:17] where it excluded
[24:19] documents
[24:20] from the offer
[24:21] pertaining to
[24:22] JTC Group of Companies
[24:25] and Pikimong,
[24:26] Pikimong.
[24:27] What am I trying to say,
[24:28] Your Honor?
[24:28] The subject matter
[24:30] being discussed now
[24:31] has already been excluded
[24:32] by this Honorable Court,
[24:33] Your Honor.
[24:34] We are not asking for
[24:36] additional documents
[24:37] counsel,
[24:37] just simply correlating
[24:39] this matter
[24:41] to Gencorp.
[24:43] This does not
[24:43] in any way
[24:44] pertain to the
[24:45] respondents'
[24:45] liability
[24:48] under any of the articles
[24:50] but just to complete
[24:51] the story
[24:51] in relation
[24:52] to Gencorp.
[24:54] We submit
[24:54] and we understand
[24:55] your own.
[24:56] So,
[24:56] yung predecessor
[24:56] companies,
[24:58] Jaime T. Cruz
[24:58] ang nakalabas,
[24:59] Gencorp now
[25:00] is own principally
[25:01] biggest shareholder,
[25:02] JTC.
[25:03] Correct?
[25:04] Yes,
[25:04] Your Honor.
[25:04] Okay.
[25:05] Move on,
[25:06] your witness counsel.
[25:08] Madam Witness,
[25:10] this Jaime T. Cruz,
[25:11] if you know,
[25:15] does the Vice President
[25:17] know
[25:17] Jaime T. Cruz?
[25:22] I cannot speak
[25:23] for the Vice President
[25:24] but
[25:27] they are both
[25:29] stockholders
[25:30] in one corporation.
[25:32] So,
[25:33] they are both
[25:34] stockholders
[25:35] in one corporation.
[25:37] And what corporation
[25:37] is that?
[25:39] The Metro City
[25:39] Chow Foods.
[25:41] So,
[25:41] in Metro City
[25:42] Chow King,
[25:42] Jaime T. Cruz
[25:47] and
[25:48] Vice President
[25:49] Sara
[25:50] are both
[25:51] shareholders.
[25:53] Correct?
[25:53] Yes,
[25:54] ma'am.
[25:54] Okay.
[25:55] And
[25:56] in Metro Chow,
[25:59] she owns
[25:59] 20%
[26:00] and Jaime
[26:02] Cruz owns
[26:03] majority.
[26:07] Majority.
[26:08] Okay.
[26:09] We now go
[26:09] to Gencorp.
[26:11] In Gencorp,
[26:13] Jaime Cruz,
[26:14] JT. Cruz
[26:16] owns shares
[26:17] but
[26:18] for some
[26:19] reason
[26:19] the Vice
[26:21] President's
[26:22] name
[26:23] does not
[26:24] appear
[26:24] in the
[26:25] GIS
[26:25] as a
[26:26] shareholder
[26:26] but it
[26:27] appears
[26:27] in her
[26:28] Salen.
[26:31] I will
[26:31] propose
[26:33] to you
[26:34] now
[26:34] a
[26:36] reason
[26:37] and
[26:38] that
[26:38] reason
[26:39] is
[26:39] as
[26:40] stated
[26:40] in the
[26:41] forensic
[26:41] report
[26:42] and I
[26:43] refer you
[26:44] to page
[26:44] 22.
[26:45] Please go
[26:46] to page
[26:46] 22.
[26:46] Apologies,
[26:47] Your Honor.
[26:47] I will
[26:47] have to
[26:47] object
[26:48] because it
[26:49] would now
[26:49] seem
[26:50] that the
[26:50] council
[26:50] is testifying
[26:51] not asking
[26:52] a question.
[26:56] Barring
[26:56] the basis
[26:58] laid by
[26:59] attorney
[26:59] for a
[27:00] question,
[27:00] the question
[27:01] is simply
[27:01] asking the
[27:02] witness to
[27:02] read a
[27:03] portion of
[27:03] the report.
[27:05] Then I
[27:05] ask
[27:05] respectfully
[27:06] that she
[27:07] go directly
[27:07] to that
[27:08] point.
[27:09] Council
[27:10] is so
[27:10] directed.
[27:11] which I
[27:13] was
[27:13] saying
[27:13] if the
[27:14] attorney
[27:15] can
[27:16] now
[27:16] go
[27:16] to
[27:16] page
[27:19] 22
[27:19] of
[27:20] the
[27:20] report
[27:21] and
[27:21] if
[27:21] it's
[27:21] available
[27:22] can
[27:22] we
[27:22] flash
[27:23] page
[27:23] 22
[27:24] of
[27:25] the
[27:25] forensic
[27:25] report.