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Romeo C. Cadiz, et al. vs. Court of Appeals, et al.

ROMEO C. CADIZ, CARLITO BONGKINGKI and PRISCO GLORIA IV, Petitioners, versus COURT OF APPEALS, and PHILIPPINE COMMERCIAL INTERNATIONAL BANK (Now EQUITABLE PCIBANK), Respondents.

G.R. No. 153784 | 2005-10-25

D E C I S I O N 


Tinga, J.: 

Employees who abuse their position for fiduciary gain cannot be shielded from the consequences of their wrongdoing even on account of the bank's operational laxities that may have provided the gateway for their shenanigans. Their misconduct provides the bank with cause for the termination of their employment. 

The facts follow. 

Petitioners Romeo Cadiz ("Cadiz"), Carlito Bongkingki ("Bongkingki") and Prisco Gloria IV ("Gloria") were employed as signature verifier, bookkeeper, and foreign currency denomination clerk/bookkeeper-reliever, respectively, in the main office branch (MOB) of...