A defense witness testified during the Senate impeachment trial on Wednesday, November 11, that Vice President Sara Duterte did not hold any shares or corporate positions in GenCorp Industries, Inc. between 2022 and 2025.
Atty. Suzette Balucanag-Punay, corporate counsel for GenCorp Industries and Metro City Chow Foods Corporation, made the statement on the 42nd day of the trial.
During the direct examination, defense team member Atty. Justin Nicol Gular questioned Punay regarding Duterte’s financial stake in the company.
“How much shareholdings does the Vice President have if at all in GenCorp Industries, Inc.,” Gular asked.
“None,” Punay replied.
Punay confirmed that official General Information Sheets (GIS) and corporate records show Duterte had no ownership or positions in the firm across the 2022 to 2025 period.
She also dismissed previous claims of a 20% ownership stake attributed to the Vice President.
“This is inaccurate… It is inconsistent from the records of the corporation,” Punay stated.