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Presidential Commission on Good Government Vs. Silangan Investors and Managers, Inc. et al.

PRESIDENTIAL COMMISSION ON GOOD GOVERNMENT, Petitioner, versus SILANGAN INVESTORS AND MANAGERS, INC. and SANDIGANBAYAN, Respondents

G.R. Nos. 167055-56 | 2010-03-25

D E C I S I O N


CARPIO, Acting C.J.:

The Case

G.R. Nos. 167055 and 167056 involve a petition for certiorari and prohibition under Rule 65 of the Rules of Court. The petition[1] challenges the 21 June 2004 Resolution[2] and 23 December 2004 Joint Resolution[3] of the Sandiganbayan, Third Division, in Civil Case Nos. 0126 and 0127. The Sandiganbayan ordered the Land Bank of the Philippines (Land Bank), Commission on Audit Branch, Commonwealth Avenue, Quezon City, to release to Silangan Investors and Managers, Inc. (Silangan) its cash dividends, with interest, declared by Oceanic Wireless Network, Inc. (Oceanic). Fifteen percent of the...