(Eagle News) — The Supreme Court has upheld the conviction for estafa of a namesake and descendant of the late President Emilio Aguinaldo.
In finding Emilio Aguinaldo IV guilty of misrepresentation and false representation to ACROL Holdings Inc. that he has lawful authority or power to sell the property in the name of the estate of Emilio Aguinaldo and Maria Agoncillo, the Second Division essentially upheld a June 18, 2013 decision of the Makati Regional Trial Court which was affirmed by the Court of Appeals.
An amended decision of the appellate court in 2016, however, deleted the awards of actual damages and interests in the RTC and its original decision.
This was after ACROL filed a manifestation saying it received an amount equivalent to the judgment award of P2,050,000.00 from the petitioner.
“A compromise or settlement entered into by the parties after the commission of the crime will not and does not extinguish petitioner’s liability for estafa,” the High Court said.
“Therefore, the parties entering into an agreement with the private complainant expressing its unwillingness to participate in further proceedings after it receives monetary retribution, does not remove from the State the imprimatur of imposing the proper penalty for the commission of the said offense,” it added.