CA reinstates dismissed Landbank president

THE Court of Appeals has reinstated two high-ranking officials of the Land Bank of the Philippines (LBP) who were dismissed by the Ombudsman for the anomalous sale of Meralco shares involving the Social Security System (SSS) and LBP to a private company several years ago.

In a 36-page decision penned by Associate Justice Amy Lazaro-Javier and concurred in by Associate Justices Celia Librea-Leagogo and Melchor Sadang, the CA’s Ninth Division granted the petition filed by current Landbank president Gilda Pico and LBP Senior Vice President Carel Halog as it reversed and set aside the decision dated October 21, 2015 of the Office of the Ombudsman.