00:00Now, by the way, kung alam nyo lang po, considering you're a lawyer as well,
00:04illegal po ba para sa vice president or sa kanyang asawa na kumuha ng insurance policy?
00:09Objection, Your Honor. It goes for a legal conclusion.
00:12If he knows Your Honor, he's a lawyer.
00:14And is he already asking this witness, Your Honor, to cast judgment?
00:20Actually, I can answer that, but let the witness answer.
00:24Would you know if it is illegal, to your knowledge,
00:28when you reviewed for the bar, Attorney Ronel?
00:31Yes, Your Honor. As far as my insurance law is concerned, Your Honor,
00:36no, there are only very limited people who are prohibited on that one.
00:41Illegal po ba na mag-invest at kumita sa time deposits?
00:45Continuing objection, Your Honor.
00:46Noted. The continuing objection is noted, but the court will allow it.
00:50Witness my answer.
00:51As far as I recall, to my knowledge, no, Your Honor.
00:56All right. Illegal po ba na mag-invest at kumita sa UITF or Trust Agency Investments?
01:01Hindi po ako familiar dun sa UITF, Your Honor.
01:05Illegal po ba na mag-invest at kumita sa stocks and bonds?
01:08Your Honor, we are willing to stipulate that making investments or entering into investments by end of itself
01:14is not illegal, Your Honor.
01:15Just to abbreviate the proceedings.
01:17I was specific. This pertains to the Vice President.
01:21We are willing to stipulate, Your Honor, that the Vice President…
01:24But it's not illegal?
01:24Yes.
01:25Entering into investments, getting investments by end of itself is not illegal.
01:30Are you buying stocks and owning shares in a…
01:34Except that, Your Honor.
01:36So, not buying stocks because what Attorney Mark said was asked was buying stocks, correct me if I'm correct, Your
01:40Honor.
01:40Unless it would amount, Your Honor, to…
01:42Stocks and bonds, he said.
01:45So, during her…
01:48Already stipulated, Your Honor.
01:49We're willing to move on.
01:50Your Honor, during her incombency, Your Honor.
01:52Attorney Mark, don't pull a fast one.
01:55Let the witness answer…
01:57We're not willing to stipulate on that, Your Honor.
01:59Exactly.
02:01If the witness knows, Your Honor, we'll just direct it to the witness.
02:04In my limited knowledge, Your Honor, I'm…
02:08No, insofar as my knowledge, Your Honor is…
02:11Last question on this.
02:12Illegal ba na kumita from passive investments?
02:16No, Your Honor.
02:17No.
02:17Alright.
02:17Now, sa outflow…
02:18No…
02:20And I can't play.
02:20All right.
02:20Now, sa outflow…
02:21And now, sa in need of an lucha, your Honor.
02:24I can't play.
02:24No, I can't play.
02:24And then, let's play.
02:25Let's play.
02:26So, let's play.
02:26Do you get back?
