00:00A defense witness in the impeachment trial says Vice President Sara Duterte has no business
00:05interests in the company GenCorp but also says she received more than 2 million pesos in what
00:11she called return of capital between 2022 and 2025 when she was already vice president.
00:17Day 42 of the trial on Wednesday, November 11, sees GenCorp in-house corporate counsel
00:22Suzette Malucanag-Punay testifying in Duterte's defense. She denies part of a forensic financial
00:28report by lawyer Alex Cabrera that said Duterte owns a 20% stake in GenCorp with paid-up capital
00:34worth 250,000 pesos. Duterte's own statement of assets, liabilities, and net worth or SAL-N for
00:412024 to 2025 states, she is a stockholder of GenCorp. Malucanag-Punay says Duterte invested in a company
00:49called Davao Bounty Foods Corporation long before she became vice president. Later on, her investment
00:54was carried over to GenCorp for the franchise of a Jollibee branch in Times Square, Davao City.
00:59Why is GenCorp giving a monthly amount to the vice president from the Times Square branch?
01:11What's the basis of giving her anything?
01:15The return of capital was from the loose investment, which was carried over to Great Jolli Times,
01:23Times Square B, and eventually to GenCorp.
01:25How much is that contribution?
01:28When you say return on investment, eh di may investment si vice president doon na binabalik.
01:33So magkano po ba yung investment na yun? At ano yung dokumento kung meron man na nagpapatunay po noon?
01:40Unfortunately, Your Honor, I could not verify also the amount because there are no written
01:47records for this investment.
01:51The 1987 constitution prohibits the president, vice president, and cabinet members from participating
01:56in any business while they are in office.
