Title
Republic vs. Cojuangco
Case
G.R. No. 139930
Decision Date
Jun 26, 2012
UNICOM's capitalization and UCPB's P495M investment from CII Fund led to allegations of graft under R.A. 3019. SC ruled the 10-year prescriptive period lapsed, barring prosecution as the 1979 transaction was public record.
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Case Summary (G.R. No. 139930)

Petitioner and Respondents

Petitioner sought review of the Ombudsman's dismissal of a complaint charging respondents with violation of Section 3(e) of Republic Act No. 3019 (Anti-Graft and Corrupt Practices Act). Respondents are former UCPB and/or UNICOM directors and incorporators alleged to have caused undue injury to the government through UNICOM capitalization amendments and UCPB’s subscription.

Key Dates and Corporate Acts

  • April 25, 1977: UNICOM incorporation; authorized capital P100 million (1,000,000 shares at P100 par); incorporators subscribed to 200,000 shares, paid P5 million.
  • September 26, 1978: UNICOM amended capitalization (authorized capital increased to 3 million no-par shares; original 200,000 converted to 1,000,000 no-par deemed fully paid; P15 million subscription receivables waived). SEC filing evidence dated September 28, 1978.
  • August 29, 1979: UCPB Board approved investment of up to P500 million from the Coconut Industry Investment Fund (CII Fund) in UNICOM (Resolution 247-79).
  • September 4, 1979: UNICOM increased authorized capital to 10 million no-par shares; UCPB allegedly subscribed to 4 million shares worth P495 million.
  • September 18, 1979: UNICOM again amended capitalization, increasing to 1 billion shares with par value P1, converting previous subscriptions to three classes of shares.
  • February 8, 1980: UNICOM’s Amended Articles of Incorporation (AAOI) and Certificate of Filing of Amended Articles of Incorporation registered with the SEC reflecting the September 18, 1979 changes.

Procedural History

  • March 1, 1990: Office of the Solicitor General (OSG) filed complaint for violation of RA 3019 against the 1979 UCPB board members before the Presidential Commission on Good Government (PCGG).
  • PCGG referred the complaint to the Office of the Ombudsman per the Court’s ruling in Cojuangco, Jr. v. PCGG.
  • March 15, 1999: Office of the Special Prosecutor (OSP) memorandum concluded probable cause existed but recommended dismissal because the action had prescribed; it treated February 8, 1980 (SEC filing) as the start of prescription, making the deadline February 8, 1990.
  • May 14, 1999: Office of the Ombudsman approved OSP recommendation and dismissed complaint for prescription, concluding the UCPB subscription and UNICOM capitalization acts were consummated on September 18, 1979 (and became public on SEC filing February 8, 1980).
  • OSG’s motion for reconsideration was denied; petition for review elevated to the Court.

Applicable Law and Constitutional Provision

  • 1987 Constitution: Section 15, Article XI — the State’s right to recover unlawfully acquired properties is not barred by prescription, laches, or estoppel; Court precedent limits that provision to civil actions for recovery of ill-gotten wealth, not to criminal prosecutions.
  • Republic Act No. 3019 (Anti-Graft) Section 3(e): criminalizes causing undue injury to the government or giving unwarranted benefits through manifest partiality, evident bad faith, or gross inexcusable negligence.
  • Section 11 of RA 3019 (as originally enacted): ten-year prescriptive period for offenses committed under the Act (prior to B.P. Blg. 195, which later extended prescription to 15 years effective March 16, 1982).
  • Act No. 3326, Section 2: prescriptive period for special penal laws begins to run from the day of commission of the violation, or, if not known at the time, from its discovery and the institution of judicial proceedings; interruptible when proceedings are instituted.

Issue Presented

Whether the criminal charge against respondents for violation of Section 3(e) of RA 3019 had already prescribed.

Court’s Procedural Treatment and Relief Sought

Although the petition was filed under Rule 45 (certiorari), the Court treated it as a Rule 65 special civil action for certiorari challenging the Ombudsman’s dismissal for grave abuse of discretion, consistent with precedents allowing substance to control form.

Majority Ruling: Prescription Barred Prosecution

The Court denied the petition and affirmed the Ombudsman’s dismissal on the ground of prescription. The Court applied the 1987 Constitution as the controlling constitution for the decision’s basis but recognized precedent limiting Section 15, Article XI to civil recovery actions, not criminal prosecutions; consequently, criminal prosecution for alleged ill-gotten wealth is still subject to statutory prescription.

Majority Reasoning on Prescriptive Period

  • Applicable prescriptive period: ten years (the acts were committed before B.P. Blg. 195’s 1982 amendment).
  • Act No. 3326 governs computation: prescription runs from the day of commission if known; otherwise from discovery and institution of proceedings.
  • The Court found the relevant acts were publicized by UNICOM’s filing of amended articles with the SEC on February 8, 1980; the transaction had left corporate boardrooms and was documented in public SEC filings and General Information Sheets accessible to the public.
  • The Court rejected the argument that the period should be reckoned from discovery after the 1986 EDSA Revolution because this case involved a public corporate investment rather than secret behest loans that were inherently concealed; no allegation that SEC access was denied or that the transaction had been concealed by collusion.
  • Prescription therefore began to run no later than February 8, 1980 and expired on February 8, 1990; the OSG’s March 1, 1990 preliminary investigation filing was too late.
  • Policy rationale: prescription is a fair and indispensable rule to prevent stale claims, lost evidence, and faded memories; without prompt prosecution, defendants lose the ability to mount an effective defense.

Conclusion of the Majority

The petition was denied and the Ombudsman’s May 14, 1999 Memorandum dismissing the complaint for prescription was affirmed as to all respondents named in the Court’s judgment.

Concurring Opinion (Justice Bersamin)

Justice Bersamin concurred, agreeing that the crime prescribed by February 8, 1990 (ten years from the SEC filing of the Amended Articles of Incorporation on February 8, 1980). He emphasized:

  • February 8, 1980 (SEC filing) is the logical and proper date to reckon the commission and start of prescription because the AAOI consummated the unlawful transaction and is the reliable public evidence presented by the State.
  • Act No. 3326 is conspicuously silent on whether absence from the Philippines interrupts prescription; that silence must be respected. The Court should not judicially supply a legislative omission (casus omissus).
  • Article 91 of the Revised Penal Code, which suspends prescription while the offender is absent from the archipelago, cannot be applied suppletorily because Act No. 3326’s explicit framework for prescription is more favorable to the accused and controls.
  • Prescription is tolled only when proceedings are instituted by the Ombudsman; the complaint was not received by the Ombudsman until after October 2, 1990 (PCGG decision prompting transfer), by which time prescription had already run.

Concurring and Dissenting Opinion (Justice Brion)

Justice Brion concurred in part and dissented in part, agreeing with the majority except on prescription insofar as

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