MANILA, Philippines – An official of Megaworld Corp. told the impeachment court on Tuesday that they voluntarily gave Chief Justice Renato Corona a P10-million price reduction for his penthouse unit in The Bellagio, Taguig City due to “force majeure” and not for any consideration from a high-ranking government official.
Megaworld senior vice-president for marketing and sales Noli Hernandez said the penthouse sold to the Coronas was originally priced at P24 million, but “unfortunately, a typhoon struck and the unit sustained damages.”
He said they gave a nearly P5-million price reduction–from P24 million to P19.6 million–to the chief justice. Hernandez said the price reduction would have been given regardless of who the buyer was.
Hernandez added the selling price was later reduced by another P5 million, representing discounts and other factors because the Coronas were prompt payers. They paid in four installments in about a year.
Hernandez said he did not even know it was the Coronas who were buying the penthouse unit. –ABS-CBN News
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