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SC drops raps vs Danding, JPE in coco fund mess

Saturday, July 14, 2012

SC drops raps vs Danding, JPE in coco fund mess

A ruling by the Supreme Court (SC) has upheld the  Office of the Ombudsman in deciding to drop  graft charges against business tycoon Eduardo “Danding” Cojuangco and Senate President Juan Ponce Enrile for alleged behest loans and investments made by the United Coconut Planters Bank in the United Coconut Oil Mills Inc. (Unicom) during their stint as members of the Board of Directors of the United Coconut Planters Bank (UCPB).  

In a decision  penned by Associate Justice Roberto Abad dated June 26,  the tribunal  ruled that Cojuangco, Enrile and 16 others could no longer be prosecuted since the charges against them had already prescribed.
In the case of respondents, who were charged by the Office of the Solicitor General (OSG) for violation of Sec. 3 (e) of Republic Act No. 3019 (Anti-graft and Corrupt Practices Act, the prescriptive period is 10 years.

“Prescription of actions is a valued rule in all civilized states from the beginning of organized society. It is a rule of fairness since, without it, the plaintiff can postpone the filing of his action to the point of depriving the defendant, through the passage of time, of access to defense witnesses who would have died or left to live elsewhere, or to documents that would have been discarded  or could no longer be located,” the high court said..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/index.php/headlines/item/1506-sc-drops-raps-vs-danding-jpe-in-coco-fund-mess

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