THE Supreme Court (SC) has dismissed an estafa complaint against Far East Bank and Trust Co. (FEBTC) filed by former senator Jamby Madrigal in connection with a $10-million loan for a failed shipping venture with former Agriculture Secretary Luis Lorenzo.
The SC’s First Division denied the petition filed by Madrigal as it affirmed the decision dated March 31, 2005 and resolution dated July 8, 2005 of the Court of Appeals.
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