Published January 6, 2021, 8:51 AM
The Supreme Court (SC) has affirmed the fine with imprisonment, if not paid, imposed by the trial court and upheld by the Court of Appeals (CA) on a person who issued a bouncing check or a check that was dishonored when presented for encashment.
(MANILA BULLETIN)
Affirmed in the SC resolution released last month was the P200,000 fine imposed on Mary Grace V. Valbuena who was found guilty beyond reasonable doubt by the trial court of violation of Batas Pambansa Blg. 22, the Bouncing Checks Law.
Aside from the fine, Valbuena was ordered to pay RCBC Securities, Inc. the face value of the dishonored check amounting to P7.2 million with interest.