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Hilario P. Soriano Vs. People of the Philippines, et al.

HILARIO P. SORIANO, Petitioner, versus PEOPLE OF THE PHILIPPINES, BANGKO SENTRAL NG PILIPINAS (BSP), PHILIPPINE DEPOSIT INSURANCE CORPORATION (PDIC), PUBLIC PROSECUTOR ANTONIO C. BUAN, and STATE PROSECUTOR ALBERTO R. FONACIER, Respondents. [1]

G.R. No. 162336 | 2010-02-01

D E C I S I O N


DEL CASTILLO, J.:

A bank officer violates the DOSRI[2] law when he acquires bank funds for his personal benefit, even if such acquisition was facilitated by a fraudulent loan application. Directors, officers, stockholders, and their related interests cannot be allowed to interpose the fraudulent nature of the loan as a defense to escape culpability for their circumvention of Section 83 of Republic Act (RA) No. 337.[3]

Before us is a Petition for Review on Certiorari[4] under Rule 45 of the Rules of Court, assailing the September 26, 2003 Decision[5] and the February 5, 2004 Resolution[6] of the Court of Appeals (CA) in...