Back

First Phil. Holdings Corp. vs Sandiganbayan, et al.

FIRST PHILIPPINE HOLDINGS CORPORATION, petitioner, vs. HON. SANDIGANBAYAN, REPUBLIC OF THE PHILIPPINES, BENJAMIN (KOKOY) ROMUALDEZ, JULIETTE GOMEZ ROMUALDEZ, TRANS MIDDLE EAST (PHILS.) EQUITIES, INC., and EDILBERTO S. NARCISO, JR., respondents.

G.R. No. 88345 | 1996-02-01

PANGANIBAN, J.:


Should the First Philippine Holdings Corporation (formerly Meralco Securities Corporation) be allowed to intervene and litigate its claim of ownership over 6,299,177 sequestered PCIBank shares of stock in a case pending before the Sandiganbayan, brought by the government for the reconveyance of said shares in its (government's) favor on the ground that they allegedly form part of the "ill-gotten" wealth of Benjamin "Kokoy" Romualdez?

This is the main question before us in this original action for certiorari and mandamus with prayer for preliminary injunction and/or temporary restraining order under Rule 65 of the Rules...