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Philippine Deposit Insurance Corp. v. Commission on Audit, G.R. No. 218068, [March 15, 2022]

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Philippine Deposit Insurance Corp. v. Commission on Audit

 G.R. No. 218068, [March 15, 2022]

EN BANC, LOPEZ, M.V

 

Notice of Disallowances by COA; PDIC's power to compromise, condone or release claims and settle liability

 

Solidary liability to settle the disallowed amount attaches to public officers upon a clear showing of bad faith, malice, or gross negligence in the performance of official duties. Parenthetically, well-settled is the rule that the palpable disregard of laws and established directives amounts to gross negligence.

 

The case involves disputes related to Westmont Bank (formerly Associated Bank, now United Overseas Bank of the Philippines) and KMSB (formerly Monte de Piedad Savings Bank and Keppel Monte Bank). The controversy arose from the PDIC Corporate Auditor's 1st Indorsement dated August 24, 2000, which revealed that PDIC had provided financial assistance to Westmont Bank, including the waiver of a buyback agreement, early buyback incentives, deferred regular interest, refund of regular interest, and abolition of PDIC interest spread. The Corporate Auditor opined that these measures amounted to a release or condonation of Westmont Bank's principal obligation and accrued interests, prejudicial to PDIC. The matter was referred to COA for recommendation. The COA, through various levels of its structure, concurred with the Corporate Auditor's findings. The COA Proper, in Decision No. 2012-120, denied the recommendation for condonation and also directed the issuance of a notice of disallowance for KMSB's account, holding PDIC Board of Directors and officers liable for disallowed amounts. The PDIC, in its petition, argued that the COA's delay in resolving the issues amounted to grave abuse of discretion. Substantively, PDIC asserted its authority to condone or release claims and argued that the COA erred in its findings.

 

Whether or COA committed grave abuse of discretion in issuing Notices of Disallowance (NDs) and holding PDIC BOD liable for disallowances.

 

NO. The court held that the petition lacked merit. It ruled that the issuance of NFD was proper, rendering the present petition not moot. The COA has the authority and duty to issue recommendations on condonations and release of claims. The COA's authority to do so emanates from Section 36 of Presidential Decree No. 1445. Additionally, the court emphasized that the COA's factual findings must be respected unless there is a showing of grave abuse of discretion. The COA correctly ruled that its recommendation was mandatory, and PDIC cannot motu proprio compromise a claim or liability. The authority of PDIC to condone applies only to ordinary receivables, penalties and surcharges, and must be submitted to the [COA] before it is implemented. This procedure would enable the [COA] to inquire into the propriety of the condonation and to determine whether the same will not prejudice the government's interest.

In this case, the COA found that the disallowed condonation and write-off were implemented without Congressional approval in patent disregard of the mandatory requirements under the Administrative Code. The COA's, factual findings must be respected absent grave abuse of discretion. The court also held that public officers, specifically the Board of Directors (BOD) of the Philippine Deposit Insurance Corporation (PDIC), can be held liable for disallowed amounts if there is a clear showing of bad faith, malice, or gross negligence in the performance of official duties. In authorizing the condonation and write-off, the PDIC BOD acted with gross negligence, amounting to bad faith, which justifies their liability for the disallowances. The patent illegality of the condonation and write-off indubitably countermands PDIC's invocation of good faith. There is no justification to legitimize the palpable lapse of the PDIC BOD in simply ignoring the mandatory provisions of the Administrative Code, which had long been in effect before the condonation and write-off were implemented.

 

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