Law Summary
Impact of Large-Scale Qualified Theft on the Economy
- Syndicated large-scale qualified theft severely affects the semiconductor and electronics industries.
- These industries contribute approximately 70% of the country’s exports, highlighting the economic significance of addressing such crimes.
Penalty Provisions under the Revised Penal Code
- Articles 309 and 310 of the Revised Penal Code govern penalties for qualified theft.
- Reclusion perpetua (life imprisonment) is imposed when evidence of guilt is strong.
- Before conviction, such offenses may be bailable subject to conditions.
Bail Restriction for Qualified Theft of High-Value Property
- No bail shall be recommended for qualified theft cases where the stolen property value is ₱500,000.00 or higher.
- This measure aims to ensure accountability and deter large-scale theft.
Department of Justice Committee for Bail Bond Guide Modification
- The Department of Justice is instructed to establish a committee responsible for revising the 2000 Bail Bond Guide.
- The revision focuses on adjusting the recommended bail amounts, particularly for qualified theft cases.
Amendment to Prior DOJ Circular
- This Memorandum Order amends Department of Justice Circular No. 74 dated November 6, 2001, specifically concerning the bail bond guide for qualified theft.
Separability Clause
- If any provision is declared invalid or unconstitutional, other provisions remain fully effective and enforceable.
Effectivity
- This Memorandum Order shall take effect immediately upon issuance on June 28, 2005.