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PEOPLE, DOJ vs Judge Nitafan and Imelda Marcos

THE PEOPLE of the PHILIPPINES represented by the PANEL OF PROSECUTORS, DEPARTMENT OF JUSTICE, petitioner, vs. HON. DAVID G. NITAFAN, Presiding Judge, Branch 52, Regional Trial Court of Manila, and IMELDA R. MARCOS, respondents.

G.R. No. 107964-66 | 1999-02-01

D E C I S I O N


MARTINEZ, J.:

On January 9, 1992, three criminal informations for violation of Section 4 of Central Bank Circular No. 960, as amended,1 [Section 4, CB Circular No. 960 - Foreign exchange retention abroad. No person shall promote, finance enter into or participate in any foreign exchange transactions where the foreign exchange involved is paid, retained delivered or transferred abroad while the corresponding pesos are paid for or are received in the Philippines, except when specifically authorized by the Central Bank or otherwise allowed under central bank regulations.

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