COA tells PCGG: Pay Landbank’s P10-M claim

This is AI generated summarization, which may have errors. For context, always refer to the full article.The COA en banc held that the Sandiganbayan's order for the PCGG to pay the bank’s claim had become 'final and executory' in 2009

“The money claim is based on a final and executory decision and order by the Sandiganbayan. Clearly, even the respondent no longer poses any hindrance to the reimbursement,” COA said. “Hence, the claim should now be granted.” In response to the motion of Arambulo, the Sandiganbayan issued a resolution on July 11, 1997, directing the PCGG to release all dividends corresponding to the businessman’s Piedras shares as this had excluded from the compromise agreement between the government and businessman Roberto Benedicto.

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