Politics · Philippines Bureau
GenCorp Counsel Testifies Duterte Had No Corporate Stake
A corporate attorney testified Wednesday that Vice President Sara Duterte held no shares or executive position at GenCorp Industries Inc. during the 2022-2025 period. The testimony came as part of proceedings examining Duterte's corporate connections.
LSN Philippines ·
MANILA — The corporate counsel of GenCorp Industries Inc. took the witness stand Wednesday to provide testimony regarding Vice President Sara Duterte's involvement with the corporation. Atty. Suzette Balucanag-Punay, serving as GenCorp's counsel, stated that Duterte maintained no shareholdings or official positions within the company spanning from 2022 through 2025.
The testimony addressed questions about Duterte's potential financial interests or roles at GenCorp and related entity Metro City Chow Foods Corp. Balucanag-Punay was called to clarify the extent of any corporate involvement by the Vice President during the specified timeframe.
The proceeding forms part of ongoing inquiries into Duterte's business connections and financial interests. The testimony provides documented evidence regarding her corporate status during a critical period preceding her assumption of the vice presidency.