Title
Philippine National Bank vs. Gancayco
Case
G.R. No. L-18343
Decision Date
Sep 30, 1965
PNB refused to disclose bank records of a public official under investigation for unexplained wealth, citing the Bank Secrecy Law. The Supreme Court ruled that the Anti-Graft Law allows disclosure in such cases, affirming an exception to bank deposit confidentiality.

Case Summary (G.R. No. 155650)

Procedural History

On February 20, 1961, the prosecutors ordered disclosure at a hearing. The bank invoked Republic Act No. 1405’s confidentiality provisions and sought protection. Facing contempt threats under the Anti-Graft and Corrupt Practices Act (Republic Act No. 3019), the bank filed a declaratory relief action in the Manila Court of First Instance. The trial court upheld the prosecutors’ power to compel disclosure, prompting this appeal.

Applicable Statutes

• Republic Act No. 1405 (1955), Section 2: Declares all bank deposits “absolutely confidential” except (1) with depositor’s written permission; (2) in impeachment; (3) by court order in bribery or dereliction of duty cases; (4) when the deposit is the subject of litigation.
• Republic Act No. 1405, Section 5: Penalizes unlawful disclosure.
• Republic Act No. 3019 (1960), Section 8: Mandates that bank deposits of a public official under unexplained-wealth inquiry “shall be taken into consideration … notwithstanding any provision of law to the contrary.”

Issue

Does Section 8 of RA 3019 implicitly amend or repeal by implication the confidentiality restrictions of Section 2, RA 1405, thereby authorizing compelled disclosure of a public official’s bank deposits during an unexplained-wealth investigation?

Petitioners’ Contentions

  1. RA 3019 is a general law that cannot override the specific confidentiality scheme of RA 1405 absent express repeal, per the presumption against implied repeal.
  2. Allowing compelled disclosure would frustrate the policy of encouraging bank deposits for economic development, as declared in RA 1405.

Court’s Analysis on Statutory Conflict

• Inherent Repugnancy: RA 1405 proclaims absolute confidentiality save four exceptions; RA 3019 mandates deposit examination “notwithstanding any provision of law to the contrary.”
• Legislative Intent: When two statutes conflict irreconcilably, the later enactment’s clear purpose prevails as an implied amendment.
• Analogous Precedent: People v. De Venecia held that a later statute may carve out an exception to an earlier o

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