A defense witness testified that Vice President Sara Duterte had no shareholdings or corporate position in GenCorp Industries, Inc. from 2022 to 2025, citing the company's official records.
Atty. Suzette Balucanag-Punay, corporate counsel of GenCorp Industries, Inc. and Metro City Chow Foods Corporation, made the statement during the 42nd day of the Senate impeachment trial on Wednesday.
During her direct examination, defense counsel Justin Nicol Gular asked Punay how many shares Duterte owned in GenCorp, if any.
“How much shareholdings does the Vice President have if at all in GenCorp Industries, Inc.,” Gular asked.
“None,” Punay replied.
She affirmed that Duterte neither held shares nor occupied any corporate position in GenCorp throughout the period from 2022 to 2025, based on her personal knowledge and the company's General Information Sheets (GIS).
Punay also confirmed that Duterte had no shareholdings in the company in 2022 and 2023, a position she maintained when asked about the years 2024 and 2025.
The witness further disputed claims regarding Duterte's alleged 20-percent ownership in the corporation, saying these were inconsistent with GenCorp's official records.
“This is inaccurate… It is inconsistent from the records of the corporation,” Punay said.
