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PCM Vs. Dennis Custodio, et al.

PHILIPPINE COMMERCIAL AND INTERNATIONAL BANK (now BANCO DE ORO–EPCI, INC.), Petitioner, versus DENNIS CUSTODIO, WILFREDO D. GLIANE, and ROLANDO FRANCISCO, Respondents.

G.R. No. 173207 | 2008-02-14

D E C I S I O N


CARPIO MORALES, J.:

At the time material to the present case, respondent Dennis Custodio (Custodio) had a door-to-door dollar remittance business. Respondent Wilfredo D. Gliane (Gliane) was one of his agents in Saudi Arabia.

As agent of Custodio, Gliane collected dollars from overseas workers in Saudi Arabia to be remitted to their beneficiaries in the Philippines.

In their transactions, Custodio and Gliane availed of the services of the Express Padala desk of petitioner Philippine Commercial and International Bank (PCIB), now Banco de Oro-EPCI, Inc.,[1] at its affiliate bank, the Al Rahji Bank in Saudi Arabia. The...