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According to a Philippine Daily Inquirer article written by Christian V. Esguerra and Norman Bordadora, "President Benigno Aquino III is not waiving his right under the laws to keep his bank accounts confidential even after Renato Corona’s removal as Chief Justice for untruthful declaration of wealth." Still, as the report stated, "deputy presidential spokesperson Abigail Valte confirmed that Aquino declared during the presidential campaign in 2010 that he would waive his privilege of secrecy under the country’s banking laws if elected president." It's just that, as Valte clarified, P-Noy just won't be doing that right now. The report did not indicate if Aquino has set a date to make his bank accounts public.
It goes without saying that P-Noy's move has left many baffled.
InterAksyon.com reports that on Friday, June 1, Bayan Muna partlylist Rep. Teodoro Casiño Jr. expressed his disappointment over P-Noy's decision of "shelving his 2010 presidential campaign promise of waiving his rights under the Bank Secrecy Law and open his bank accounts to the public. " The report quoted Casiño, who said, "President Aquino missed the point entirely. Due to our bank secrecy laws, the waivers become the litmus test for public officials to show that they are transparent and have nothing to hide. The question now is, may tinatago ba siya (The question now is, is he hiding something)?"
The InterAksyon.com report pointed out that P-Noy is "apprehensive that he might be subjected to political persecution if he makes his bank accounts public." Casiño said that the president's apprehension "is misplaced." Casiño pointed out: "Palusot 'yan [That's a lame excuse]. He may simply address the waiver to the Ombudsman so that not just anyone can access or invent anything in his accounts."