Case Digest: Ramiscal Jr vs SANDIGANBAYAN and People of the Philippines GR Nos 172476-99
Ramiscal Jr vs SANDIGANBAYAN and People of the Philippines GR Nos 172476-99 September 15, 2010 Facts: Ramiscal Jr (Ramiscal) was a retired officer of AFP and the former president of AFP-Retirement and Separation Benefits System (AFP-RSBS). During his incumbency, the BOD of AFP-RSBS approved the acquisition of 15,020 sq. m. of land for development as housing projects. On August 1, 1997 AFP-RSBS as represented by Ramiscal Jr., and Flaviano the attorney-in-fact of 12 individual vendors executed and signed a bilateral Deed of Sale (1st Deed) over the subject property at the agreed price of P 10,500.00 per sq. m. After the payment @ P 10,500.00 per sq. m., Flaviano executed and signed a unilateral Deed of Sale (2nd Deed) over the same pro...