By Raïssa Robles
On the day I gave my testimony before the Senate Blue Ribbon sub-committee my seat mate during the hearing was a very pleasant but tough-talking lady: Security and Exchange Commissions Chair Teresita Herbosa.
During the hearing, we exchanged reactions to what we were hearing from the other “resource persons” who had been summoned like us to testify that day, October 30.
Chairwoman Herbosa told me she came to submit a stack of documents which were requested by the sub-committee, including financial records of the various companies that businessman Antonio Tiu had mentioned as having to do with what many people now refer to as “Hacienda binay”.
Realizing that it’s not everyday a journalist gets to sit beside the Chair of the SEC – a vital agency in regulating corporations – I decided to interview Chairperson Herbosa during one of the breaks.
I asked her if, in the light of the ongoing probe, the present Corporation Code could deal with fraudulent activities of corporations and their officers and owners.
Here’s what the SEC Chair said. (Pardon the video. The fluorescent lighting in the Senate session hall skewed the light meter on my phone):