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Cruzvale, Inc. Vs. Jose Armando L. Eduque, et al.

CRUZVALE, INC., Petitioner, versus JOSE ARMANDO L. EDUQUE, PETER A. BINAMIRA, JEANETTE C. DELGADO and MA. LETICIA R. JOSON, Respondents.

G.R. Nos. 172785-86 | 2009-06-18

DECISION


QUISUMBING, J.:

This is a petition for review on certiorari seeking the reversal of the Decision[1] dated March 1, 2006 of the Court of Appeals in CA-G.R. SP Nos. 81518 and 81526 and its Resolution[2] dated May 22, 2006, denying reconsideration. The appellate court ordered the dismissal of the criminal charge for estafa under Article 315(1)(b)[3] of the Revised Penal Code against respondents for lack of probable cause.

Petitioner is a client of East Asia (AEA) Capital Corporation (East Asia) which is a duly licensed Philippine investment house engaged in the buy and sell or trading of securities and commercial papers. As a...