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LBP vs. COA

LAND BANK OF THE PHILIPPINES, REPRESENTED BY ITS PRESIDENT AND CHIEF EXECUTIVE OFFICER, GILDA E. PICO; LAND BANK INSURANCE BROKERAGE, INC., REPRESENTED BY ITS GENERAL MANAGER, GEORGE R. FRANCISCO; LAND BANK REALTY DEVELOPMENT CORPORATION, REPRESENTED BY PRESIDENT AND GENERAL MANAGER, SIMEONA S. GUEVARRA; LBP LEASING CORPORATION REPRESENTED BY ITS PRESIDENT AND GENERAL MANAGER, MANUEL H. LOPEZ; MASAGANANG SAKAHAN, INC., REPRESENTED BY ITS GENERAL MANAGER, ROY C. OSCILLADA; LBP COUNTRYSIDE DEVELOPMENT FOUNDATION, INC., REPRESENTED BY ITS EXECUTIVE DIRECTOR, PETER ANDREW S. GUTIERREZ, PETITIONERS, VS. COMMISSION ON AUDIT, RESPONDENT.

G.R. No. 213409 | 2021-11-05

D E C I S I O N
INTING, J.:
 
Before the Court is a Petition for Certiorari[1] under Rule 64, in relation to Rule 65, of the Rules of Court filed by Land Bank of the Philippines (hereinafter referred to as LBP or Parent Company) assailing the Commission on Audit (COA) Commission Proper (COA Proper) Decision No. 2012-018[2] dated February 16, 2012. In the assailed Decision, the COA Proper affirmed the Notice of Disallowance No. (ND) LBP-Subs. 2008-015 (2002-2003)[3] dated August 11, 2008, relative to the payment of additional allowances and benefits to LBP, the Parent Company, officials acting as officers/members of...