Professional Documents
Culture Documents
Raymundo
G.R. No. 208672, December 7,
2016
PNB vs. Raymundo -
Facts
O Appeal by PNB on the civil aspect of
the criminal case for violation of R.A.
3019 by accused Pablo Raymundo.
O Department Manager of a PNB Branch
O Foreign check issued by Solomon
Guggenheim Foundation
O Drawn against Morgan Guaranty
Company of New York
O Payable to a certain Merry May Juan
PNB vs. Raymundo -
Facts
O On the same date, an account was opened
for Merry May Juan and a check booklet was
issued to her.
O Subsequently, Ms. Juan drew 6 checks in the
aggregate amount of 4 million pesos, 5 of
which named CT Global Futures as the payee.
O The 6 checks were negotiated by Ms. Juan
and were approved for payment on the same
day by Raymundo without waiting for the
foreign draft check, intended to fund the
issued check, to be cleared by the PNB
Foreign Currency Clearing Unit
PNB vs. Raymundo -
Facts
O Seven days later, PNB received a
telex from its correspondent in New
York that the check was dishonored
by Morgan for being fraudulent
O For irregularly approving the payment
of the 6 checks without waiting for
the foreign check to be cleared,
Raymundo was charged with a
violation of Section 3 of R.A. 3019.
PNB vs. Raymundo -
O
Facts
Raymundo filed a criminal case of estafa against
Ms. Juan. The case was decided in his favor and
Ms. Juan was made to pay him and the bank the
amount of the check (although no actual payment
was made).
O RTC: Raymundo is not guilty. It is too harsh and
inequitable to impose criminal liability upon
Raymundo , who only approved the withdrawal
due to the absence of the stamp Returned Check
O CA: denied PNBs appeal. Good faith in relying
upon his subordinates.
PNB vs. Raymundo -
Issue