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High court reverses Desierto ruling on behest loans 04/30/2011

Saturday, April 30, 2011

High court reverses Desierto ruling on behest loans

04/30/2011
The Supreme Court has reversed the 1998 ruling of the Office of the Ombudsman as it ordered to indict officials of a local company for an anomalous behest loan it allegedly obtained 35 years ago.

The high court’s First Division, through Associate Justice Jose Perez, reversed the findings of former Ombudsman Aniano Desierto who had dismissed the case along with 17 others filed by the Presidential Ad Hoc Fact-Finding Committee on Behest Loans.

Desierto dismissed all of these cases on the ground of prescription and insufficiency of evidence.

Named respondents in the particular case were Mohammad Ali Dimaporo, Abdullah Dimaporo and Amer Dianalan, stockholders and officers of the Mindanao Coconut Oil Mills (Mincoco), a domestic corporation established in 1974..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/headlines/20110430hed3.html

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