PCGG v. Sandiganbayan 365 SCRA 538 (2001) Facts: PCGG PCGG direct directed ed Victo Victorr Africa frica who who was the coror cororate ate secret secretar! ar! of "cea#i "cea#ic c $ire%e $ire%ess ss &etwor' #c* ("$&) to se#d #otices to its stoc'ho%ders a+o,t a secia% stoc'ho%ders- .eeti#/* Fai%,re to co.%! withi# fie (5) da!s fro. receit thereof Assista#t So%icitor Ge#era% Ra.o# S* es,asido wo,%d +e desi/#ated as acti#/ cororate secretar!* ,ri#/ ,ri#/ the .eeti .eeti#/ #/ a #ew set of +oard +oard of direct directors ors were were e%ecte e%ected d (Co..iss (Co..issio# io#ers ers ai.o A* acere# Cesar "* V* Par%ade a#d e%4,iades C* G,tierre rerese#ti#/ the C%ass A shares a#d Co%i# roo'er a#d 7err! i%%er rerese#ti#/ C%ass a#d C shares* 7he #ew +oard of directors the# e%ected Co..issio#er ai.o A* acere# as Chair.a# of the oard e%4,iades C* G,tierre as Preside#t Assista#t So%icitor Ge#era% Ra.o# S* es,asido as Acti#/ Cororate Secretar! a#d A%.ario P* Ve%asco as Acti#/ 7reas,rer)* &o#e of the re/istered shareho%ders of C%ass A9 shares were rese#t i# the .eeti#/* 7hereafter PCGG se4,estered the C%ass A9 shareho%di#/ i# "$& coeri#/ the shares of ose Africa e#edicto A#dres Africa Victor Africa a#d a#,a% &ieto (Africa /ro,)* Victor Africa 4,estio#ed the e%ectio# of the #ew +oard of directors stati#/ that the! were #ot stoc'ho%ders of "$& he#ce the! sched,%ed a#other .eeti#/ wherei# a#other e%ectio# of +oard of directors was he%d a#d a #ew set of officers were e%ected a#d the Africa /ro, were the officers (a#,e% ;* &ieto r* ose <* Africa = a#d A#dres <* Africa were e%ected as directors for C%ass A shares for 1>>1 ,#ti% their s,ccessors are e%ected a#d 4,a%ified* C%ass a#d C shareho%ders did #ot atte#d the .eeti#/* &o #ew directors for the. were e%ected)* a#, a#,e% e% ;* &iet &ieto o r* r* i# his his caa caaci cit! t! as "$& $& res resid ide# e#t t wrot wrote e the the &ati &atio# o#a% a% 7e%eco..,#icatio#s 7e%eco..,#icatio#s Co..issio# (&7C) re4,esti#/ the &7C to ho%d i# a+e!a#ce the a%icatio# or if /ra#ted to withdraw a#d reca%% "$&s er.it a#d fre4,e#c! a%%ocatio#s as the sa.e were .ade +! a# ,#a,thoried +oard* "# ,%! 10 1>>1 a#,e% ;* &ieto r* wrote e%4,iades C* G,tierre i#for.i#/ hi. of the #ew set of direct directors ors a#d re4,es re4,ested ted for the t,r#o t,r#oer er of the .a#a/e .a#a/e.e# .e#tt of "$& "$& i#c%,d i#c%,di#/ i#/ a%% cororate records to the #ew set of directors* PCGG PCGG fi%ed fi%ed a co.%a co.%ai#t i#t with with the Sa#di/ Sa#di/a#+ a#+a!a a!a# # ra!i ra!i#/ #/ that that the Africa Africa /ro, /ro, +e e#?oi#ed fro. i#terferi#/ with its co#tro% of "$&* 7he Africa /ro, fi%ed a searate etitio# for certiorari a#d rohi+itio# with 7R" a/ai#st PCGG* 7he Sa#di/a#+a!a# decided i# faor of the Africa /ro,* PCGG ar/,ed that the Sa#di/a#+a!a# sho,%d #ot hae #,%%ified the se4,estratio# order +eca,s +eca,se e there there was #o #eed #eed to fi%e fi%e seara searate te actio actio#s #s a/ai# a/ai#st st "$& "$& Po%!/o Po%!/o# # Aeroc Aeroco. o. a#d Si%a#/a# +eca,se these were i#c%,ded i# the %ist of i%%@/otte# wea%th of ose Africa* ss,e: $hether the writ of se4,estratio# iss,ed a/ai#st &ieto a#d Africa as shareho%ders is a%id* ;e%d: &o +eca,se the s,it fi%ed a/ai#st &ieto a#d Africa as shareho%ders of "$& is #ot a s,it a/ai#st "$&* 7his Co,rt has he%d that fai%,re to i.%ead these cororatio#s as defe#da#ts a#d .ere%! a##ei#/ a %ist of s,ch cororatio#s to the co.%ai#ts is a io%atio# of their ri/ht to d,e rocess for it wo,%d i# effect +e disre/ardi#/ their disti#ct a#d searate erso#a%it! witho,t a heari#/*-WHEREFORE WHEREFORE the the eti etiti tio# o#s s are are here here+! +! B& B&B B** 7he deci decisi sio# o# a#d a#d reso reso%, %,ti tio# o# of the the Sa#di/a#+a!a# are here+! AFFRB* AFFRB*
