

A lawyer for GenCorp Industries Inc. on Wednesday disputed figures in a forensic report that identified millions of pesos in alleged undeclared income received by Vice President Sara Duterte from the company, saying its corporate records showed significantly lower amounts.
During Day 42 of Duterte's impeachment trial, GenCorp and Metro City Chow Foods Corp. in-house counsel Suzette Balucanag-Punay described as “inaccurate” the report prepared by lawyer Alexander Cabrera, which detailed the vice president's alleged undeclared income from GenCorp.
Citing a transaction summary prepared by the company's accountant, Punay said Duterte received only ₱555,750 from GenCorp in 2023, contrary to the ₱55.7 million indicated in Cabrera's forensic report.
Asked by defense counsel to assess the accuracy of the reported amount based on her personal knowledge and available corporate records, Punay replied: “That is inaccurate, sir.”
Presiding Officer Francis Escudero then asked why GenCorp had given Duterte the ₱555,750.
“It's a return of capital,” Punay said.
Punay also testified that GenCorp's records showed total disbursements of only ₱2,142,369.14 to Duterte from 2022 to 2025. She said the payments represented returns on her alleged loose investment in the Jollibee Times Square branch.
“Very big difference, sir,” Punay said when asked about the discrepancy between the forensic report and the company's records.
Her testimony challenged the figures presented in the forensic report, which formed part of the evidence being examined by the defense in Duterte's impeachment proceedings.
