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Ng Wee Vs. Tankiansee

ALEJANDRO NG WEE, Petitioner, versus MANUEL TANKIANSEE, Respondent.

G.R. No.171124 | 2008-02-13

D E C I S I O N


NACHURA, J.:

Before the Court is a petition for review on certiorari under Rule 45 of the Rules of Court assailing the September 14, 2005 Decision[1] of the Court of Appeals (CA) in CA-G.R. SP No. 90130 and its January 6, 2006 Resolution[2] denying the motion for reconsideration thereof.

The facts are undisputed. Petitioner Alejandro Ng Wee, a valued client of Westmont Bank (now United Overseas Bank), made several money placements totaling P210,595,991.62 with the bank's affiliate, Westmont Investment Corporation (Wincorp), a domestic entity engaged in the business of an investment house with the authority and license...