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Ramos vs. Central Bank [Concurring, CASTRO, J.]

EMERITO M. RAMOS, SUSANA B. RAMOS, EMERITO B. RAMOS, JR., JOSEFA RAMOS DE LA RAMA, HORACIO DE LA RAMA, ANTONIO B. RAMOS, FILOMENA RAMOS LEDESMA, RODOLFO RAMOS, VICTORIA RAMOS TANJUATCO, and TEOFILO TANJUATCO, petitioners, vs. CENTRAL BANK OF THE PHILIPPINES, respondent. Francisco Carreon, Feliciano C. Tumale and Araneta, Mendoza & Papa for petitioners. Office of the Solicitor General Felix Q. Antonio and F. E. Evangelista, Clara Cruz-Espritu & Iñigo B. Regalado, Jr. for respondent Bank.

G.R. No. L-29352 | 1971-10-04

CASTRO, J., concurring:
 
Like Mr. Justice Querube C. Makalintal, in whose dissent I concur fully, I am in sharp disagreement with the conclusions reached by the majority of the Court.
 
Before I state my reasons, which will be extensively discuss in seriatim farther below, it is well that we get a general picture of (a) the overdrawings incurred by the Overseas Bank of Manila in its clearing account with the Central Bank up to August 13, 1968 when the liquidation of the Overseas Bank was ordered by the Central Bank, and (b) the fraudulent transactions perpetrated in the operations and management of the Overseas...