Penalty Increase for Swindling in Rural Banks

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PRESIDENTIAL DECREE NO. 1689: Penalty Increase for Swindling in Rural Banks

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Title Supreme Court: Penalty Increase for Swindling in Rural Banks

Law: Presidential Decree No. 1689

Decision Date: Apr 6, 1980

Presidential Decree No. 1689 is a Philippine law enacted in 1980 to combat swindling and fraud, imposing severe penalties for syndicate-based swindling and addressing individual cases involving significant amounts of money, with the aim of protecting public confidence in the banking and cooperative system and preventing economic sabotage.

swindling

estafa

penalty increase

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