00:05Okay, for the record, Your Honor, we are showing Annex E of the Forensic Report, specifically Table 45 thereof, since
00:12there are several tables in Annex E.
00:16Do you see it with you?
00:18Yes, sir.
00:19Yes. Now, in Table 45 pertaining to Gencorp Industries, Inc., it shows that the Vice President allegedly has 20%
00:28ownership in the company and has a paid-up capital of allegedly P250,000.
00:35Again, based on your personal knowledge and the corporate records that are available to you, as the in-house counsel
00:42of Gencorp Industries, Inc., what can you say about the accuracy of those alleged findings?
00:47This is inaccurate, sir.
00:50And why do you say that, Attorney Suzette?
00:53It is inconsistent from the records of the corporation.
00:57And what happens if we assume that to be true in that the Vice President really has allegedly 20%
01:04ownership in Gencorp Industries, Inc.?
01:08Your Honor, please, at this point, this now requires an opinion.
01:14Previously, Your Honor, we did not object to respecting the decision of the presiding officer that the testimony is based
01:22on personal knowledge based on the records of the company, Your Honor.
01:26And she is correct in saying that this 20% is not reflective of her statement that the Vice President
01:36has no stock shareholdings as stated in the GIS.
01:40That is based on facts, Your Honor, and her personal knowledge of the facts as stated.
01:47This line of questioning now is opinion.
01:51I am willing to reform, Your Honor.
01:52And therefore, Your Honor, we are objecting to any question which relates to her opinion outside the parameters set by
02:01the presiding officer, meaning personal knowledge based on facts as stated in the four corners of the identified documents, Your
02:11Honor.
02:12Continuing objection to any expression of an opinion outside, quote-unquote, the parameters set by the presiding officer, personal opinion
02:23based on facts.
02:24Shall we no longer rule on the objection given the fact that Attorney Justin will reform?
02:30Thank you, Your Honor.
02:31I'm kindly reform, Attorney Justin.
02:32Now, my question is this, Attorney Suzette.
02:35You mentioned that it is inconsistent with the records of the corporation, correct?
02:38Yes, sir.
02:39My question is, why is that inconsistent with the records of the corporation?
02:45Can you explain?
02:46Because the total amount paid up for corporate records is just $1,250,000.
02:54And I do not know what will happen if we add 20% because according to the forensic report, Sarah
03:09has 20%, then the amount paid will be $1.5 million.
03:16So, it is, I do not know where to put it, sorry.
03:21Okay, thank you, Attorney Suzette.
03:24And what do you call that situation, Attorney Suzette?
03:31It's absurd.
03:34Sorry, what did you say?
03:36What was the word you used?
03:38Was it absurd?
03:39It's absurd.
03:40Okay, thank you.
03:41We moved to strike, Acha Rona.
03:43Your Honor, that's the answer of the witness.
03:45Absurd based on what, Your Honor?
03:48Absurd is, again, a conclusion.
03:51It is a conclusion of fact, conclusion of law, and more than that, it is an opinion.
03:56I can also say that her testimony is absurd, Your Honor, for the same reason.
04:02Your Honor, I think our witnesses here have rights, Your Honor, and that includes the right not to be badgered,
04:08Your Honor.
04:08To call a witness, testimony is absurd, without basis.
04:11It's badgering our witness, Your Honor.
04:13Counselors, please, please.
04:15I will strike out both the statement of the witness as to absurd, as well as the description of the
04:23counsel for the panel of prosecutors relating to the testimony of the witness as absurd, that she can say, although
04:30she did not say, but she actually already said.
04:35You did not say it, right?
04:36I did not say.
04:37I will not say that the statement is absurd.
04:39Exactly my point, which you can say, but you did not say, but we already heard.
04:44That will be stricken off from the record, too, to be fair.
04:49Can I proceed, Your Honor, for the record?
04:52In both cases, anyway, the absurd statements of both persons have been heard, anyway, so it's just stricken off from
05:03the TSA.
05:03Sorry, Your Honor.
05:04Sorry for interrupting.
05:05Kindly proceed, Attorney Justin.
05:06In that case, Your Honor, we'd just like to manifest that we request that paragraph found in page 22 of
05:13the forensic record, starting with past 28, and the table below it, ending interlocking shareholders,
05:19be bracketed and marked as Exhibit D-1-5 or 6, I'm sorry, Your Honor.
05:30Accordingly, at a later time, yes, so ordered.
05:33Thank you, Your Honor.
05:34We'd also like to request the marking of Table 45 of Annex E of the forensic record that it be
05:40bracketed and marked as D-2-7-gen, Corp.
05:44So ordered.
05:45Thank you, Your Honor.
05:47Puntaan, Attorney Suzette.
05:48Besides the, you mentioned you brought documents for GenCorp, you already mentioned the general information sheets.
05:56What other documents did you bring, if any, for GenCorp Industries, Inc.?
06:00The audited financial statements, sir.
06:02You just mentioned that dinala niyo po yung audited financial statements ng GenCorp Industries, Inc.
06:10In the year 2022, what dividends, if any, was declared by the company?
06:20There were no dividends, sir.
06:22And in the year 2022, rather, what dividends, if any, did the vice president receive from GenCorp Industries, Inc.?
06:31None.
06:32And why did she not receive any dividends from the company?
06:35There were no dividends declared.
06:37In the year 2023, what dividends, if any, were declared?
06:44If you know, and based on your corporate records.
06:47I don't remember seeing that the corporation declared dividends from these financial statements.
06:54Okay.
06:54That includes 2024, 2025, just to abbreviate.
06:58Yes, sir.
06:58Okay.
06:58Okay.
06:58Let's move on.
07:00Okay.
07:12Let's move on.
