The Sandiganbayan has sentenced a former branch head of the state-owned Philippine Postal Savings Bank, Inc. with up to eight years of imprisonment for allegedly giving unwarranted benefits and preference to clients.
The Sandiganbayan has sentenced a former branch head of the state-owned Philippine Postal Savings Bank, Inc. with up to eight years of imprisonment for allegedly giving unwarranted benefits and preference to clients.promulgated on January 20, the Second Division of the anti-graft court found former PPSBI branch head Rosemarie Preston Villamora guilty beyond reasonable doubt of violation of the Anti-Graft and Corrupt Practices Act, as amended.
The case stemmed from the supposed unwarranted benefit given by Villamora to two clients by granting them excessive interest rates of 24% to 30% when the regular interest rate then was at 1.75% to 2%. However, Villamora said she did not read the statement as it was very long. She further said that she was not personally present when it was notarized.
“In addition, considering that the Sworn Statement is a notarized document, it is presumed valid, regular, and genuine. It carries evidentiary weight with respect to its due execution,” it said.
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