“Loose investment” and “return of capital” are among the first entries in an “impeachtionary” glossary that Senator-Judge Panfilo “Ping” M. Lacson is compiling from terms used during the impeachment trial of Vice President Sara Duterte-Carpio.
In a post on his X account Thursday, Lacson also added a third – and more amusing entry – to the evolving glossary: a “wiwi break.”
In Filipino: Lacson, Sinimulan ang ‘Impeachtionary’ Glossary sa mga Terminong ‘Loose Investment,’ ‘Return of Capital’
“‘IMPEACHTIONARY’ GLOSSARY: 1. Loose Investment; 2. Return of capital;
3. Wiwi break. To be continued…” he said on X.
The term “loose investment” came up during Day 42 of the impeachment trial when GenCorp Industries Inc. counsel Suzette Punay said the Vice President received P2.14 million from GenCorp between 2022 and 2025 as a “return of capital” on a “loose investment” she made in a Jollibee branch in Davao City.
Punay said the Vice President made the investment in the branch in 2007, and that both the branch and her investment were transferred as different companies took over its operations. She added that the Vice President had no shareholdings or position in GenCorp from 2022 to 2025.
When Presiding Officer Francis Escudero asked her to explain what “loose investment” meant, Punay said she coined the term.
Meanwhile, lawyer Lorna Kapunan, one of the private lawyers assisting the House prosecution panel, provided a lighter moment during Wednesday’s proceedings when she requested a “wiwi break” to use the bathroom in the middle of her cross-examination of defense witness Punay.
In the same proceedings, Lacson also pointed out that declaring an asset one has never owned in his or her Statement of Assets, Liabilities and Net Worth (SALN) defies not only logic but common sense.
“Would you have declared an asset in your SALN that you’ve never owned or had in the first place and in fact at any point in your life? … Because if you did, it defies logic and even common sense,” he asked Punay, who agreed that declaring an asset one had never owned would be illogical and defy common sense.
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Lacson, Sinimulan ang ‘Impeachtionary’ Glossary sa mga Terminong ‘Loose Investment,’ ‘Return of Capital’
Kabilang ang “loose investment” at “return of capital” sa mga unang termino sa isang “impeachtionary” glossary na binubuo ni Senator-Judge Panfilo “Ping” M. Lacson mula sa mga salitang ginamit sa impeachment trial ni Vice President Sara Duterte-Carpio.
Sa isang post sa kanyang X account nitong Huwebes, nagdagdag din si Lacson ng ikatlo at mas nakatatawang termino sa unti-unting nabubuong glossary: ang “wiwi break.”
“‘IMPEACHTIONARY’ GLOSSARY: 1. Loose Investment; 2. Return of capital;
3. Wiwi break. To be continued…” aniya sa X.
Nabanggit ang terminong “loose investment” noong Day 42 ng paglilitis sa impeachment nang sabihin ni GenCorp Industries Inc. counsel Suzette Punay na nakatanggap ang Bise Presidente ng P2.14 milyon mula sa GenCorp mula 2022 hanggang 2025 bilang “return of capital” mula sa isang “loose investment” na ginawa niya sa isang sangay ng Jollibee sa Davao City.
Ayon kay Punay, namuhunan ang Bise Presidente sa naturang sangay noong 2007, at nailipat ang sangay at ang kanyang puhunan nang magpalit-palit ng kumpanyang namamahala sa operasyon nito. Dagdag niya, wala umanong shares o posisyon sa GenCorp ang Bise Presidente mula 2022 hanggang 2025.
Nang hingan siya ni Presiding Officer Francis Escudero ng paliwanag kung ano ang ibig sabihin ng “loose investment,” sinabi ni Punay na siya mismo ang lumikha ng naturang termino.
Samantala, nagbigay naman ng nakatatawang sandali si lawyer Lorna Kapunan, isa sa mga pribadong abogadong tumutulong sa House prosecution panel, nang humiling siya ng “wiwi break” upang gumamit ng palikuran sa gitna ng kanyang cross-examination kay Punay.
Sa pagdinig noong Miyerkules, iginiit din ni Lacson na labag hindi lamang sa lohika kundi maging sa sentido kumon ang pagdedeklara sa Statement of Assets, Liabilities and Net Worth (SALN) ng isang ari-ariang hindi naman kailanman pag-aari ng nagdedeklara.
“Would you have declared an asset in your SALN that you’ve never owned or had in the first place and in fact at any point in your life? … Because if you did, it defies logic and even common sense,” tanong niya kay Punay, na sumang-ayon na hindi makatuwiran at labag sa sentido kumon ang pagdedeklara ng isang ari-ariang hindi naman kailanman naging pag-aari ng isang tao.
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