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Republic Of The Phil. Vs. Sandiganbayan, Et Al.

REPUBLIC OF THE PHILIPPINES (PRESIDENTIAL COMMISSION ON GOOD GOVERNMENT), petitioner, vs. THE HON. SANDIGANBAYAN, JOSE L. AFRICA and MANUEL H. NIETO, respondents.

G.R. No. 88228 | 1990-06-27

D E C I S I O N


GUTIERREZ, JR., J.:

This petition questions the order of the Sandiganbayan to place cash dividends due the Eastern Telecommunications Philippines, Inc. (ETPI) Class "A" stockholders in the amount of ONE HUNDRED TWENTY MILLION PESOS (P120,000,000.00) turned over by ETPI to the Presidential Commission on Good Government (PCGG) under a special time deposit with the Philippine National Bank (PNB) for the account of SANDIGANBAYAN in escrow for the person or persons, natural or juridical, who shall be adjudged lawfully entitled thereto.

Sometime in March 1986, the petitioner PCGG sequestered ETPI. The sequestration order was...