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PIA Press Release
2008/08/13

NBI Dipolog files charges vs rice hoarders before DOJ

Dipolog City (13 August) -- The National Bureau of Investigation (NBI) here has recently filed a hoarding case before the Department of Justice (DOJ) against suspected NFA rice hoarders identified as Editha Magbanua and Hermisa Catubig.

Atty. Hans Barbaso, NBI investigator explained that hoarding could be the best case against the duo "for several reasons."

He cited that the suspects have "accumulated the basic necessity beyond their normal capacity; unreasonably limited the basic necessity from the channels of production, trade, commerce and industry; unreasonably refused the basic necessity from the channels of production, trade, commerce and industry; and unjustifiably took out the basic necessity for the channels of production, trade, commerce and industry.

The NBI agent also cited RA 7581 which defines hoarding as possessing stocks more than 50 percent of one's usual inventory and refusing to sell the stocks to the general public. It was discovered that the capitalization of the suspects amounted to P120 thousand only but the confiscated 735 bags of NFA rice could cost much more than their capital.

Earlier, the NFA declared it could not file a hoarding case against the suspects considering that they have not held back the stocks of rice. In fact, it pointed out that the stocks were up for sale since they were loaded into container vans bound for Cebu.

The NBI, however, found the suspects criminally liable. (PF/PIA-ZN) [top]

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