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Jose O. Sia vs. Court of Appeals, etal.

JOSE O. SIA, petitioner, vs. COURT OF APPEALS and THE PEOPLE OF THE PHILIPPINES, respondents.

G.R. No. L-40324 | 1988-10-05

D E C I S I O N


PADILLA, J.:

The facts in this case are not disputed. As stated by the Court of Appeals in its assailed decision, * dated 29 November 1974, rendered in CA-G.R. No. 12602-CR, they are as follows:

". . . on October 31, 1963 Jose O. Sia (appellant herein), President and General Manager of the Metal Manufacturing of the Philippines, Inc. for in its behalf, applied for and was granted a Letter of Credit (Exhibit 'A') with the Continental Bank, Manila to cover the importation of One Hundred (100) pieces of Safe Deposit Locks No. 4440, complete with keys, amounting P1,979.06. A marginal deposit was made with the Bank and the...