THE Supreme Court (SC) on Wednesday stopped the Court of Appeals (CA) from enforcing its ruling clearing a former Pag-IBIG official who was charged with syndicated estafa along with Globe Asiatique owner Delfin Lee.
The High Court issued a temporary restraining order (TRO) against the CA decision that nullified the charges and lifted the arrest order against Alex Alvarez, former Pag-Ibig Fund foreclosure manager.
The ruling of the appeals court also exonerated Alvarez from charges that he, Lee and several others worked together to acquire more than P6 billion loan from the housing agency by using ghost borrowers.
The CA said Alvarez cannot be considered as a conspirator because he notarized the documents alleged to have been executed by fake buyers of housing units in Pampanga.
“Absent clear indications or links that a notary public has knowledge of the alleged crime and willingly and willfully participates in the commission of that crime, his mere act of notarizing is not enough basis to allow the hammer to fall upon him,” the CA said.
The SC had consolidated the cases of Alvarez and Lee.