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People vs. Cariño

PEOPLE OF THE PHILIPPINES, PETITIONER, VS. NOEL M. CARIÑO, FERDINAND T. SANTOS, ROBERT JOHN L. SOBREPEÑA, EXEQUIEL E. ROBLES, ROBERTO J. CHAN, SUSANA S. CHAN, RUBEN C. SY, SOFIA C. SY, VICENTE SANTOS, AND IGMIDIO ROBLES, RESPONDENTS.

G.R. No. 230649 | 2023-04-26

D E C I S I O N
 
DIMAAMPAO, J.:
 
This Petition for Review on Certiorari[1] under Rule 45 of the Rules of Court challenges the Decision[2] and the Resolution[3] of the Court of Appeals (CA), which affirmed the dismissal of the criminal charge against respondents for violation of Section 12.7 in relation to Section 73 of Republic Act (RA) No. 8799, or the Securities Regulation Code, for lack of probable cause; and which denied petitioner's motion for reconsideration, respectively, in CA-G.R. SP No. 139734.

The case originated from an Information[4] accusing respondents Noel M. Cariño, Ferdinand T....