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Economy / Philippines

Philippines

May 2012 | Ratings Update

The Senate delivered a guilty verdict on Chief Justice Renato Corona's corruption case on May 29 in a vote of 16-3. The verdict followed a 43 day, high profile trial in which the prosecution claimed that Corona concealed 98% of his financial assets in violation of Philippine transparency laws and held as many as 45 properties in either his name or in the name of family members. In a bellwether of the hard-line anti-corruption campaign that the Aquino administration has pursued, the verdict marked the first time in the history of the Philippines that the Senate rendered judgment on the highest magistrate in the country, and Corona is now likely to be removed from his post.

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