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PDIC Vs. COA

PHILIPPINE DEPOSIT INSURANCE CORPORATION, Petitioner, versus COMMISSION ON AUDIT, Respondent.

G.R. No. 171548 | 2008-02-22

D E C I S I O N


Tinga, J.:

The Philippine Deposit Insurance Corporation (PDIC) seeks succor from the Court against an alleged infringement of its right to due process on account of Decision No. 2006-005[1] of the Commission on Audit (COA or Commission) dated 19 January 2006 which denied its request to permit the condonation of an audit disallowance.

The following factual antecedents are undisputed:

The former Finance Secretary, Mr. Roberto de Ocampo, in his capacity as ex-officio Chairman of the Philippine Deposit Insurance Corporation (PDIC) Board for the years 1994-1996 received a total amount of P440,068.62 representing Business...