Republic Acts1 min read
Section 166Sec./Art. 166
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Acting as Intermediaries for Graft and Corrupt Practices; Penalties. - A corporation used for fraud, or for committing or concealing graft and corrupt practices as defined under pertinent statutes, shall be liable for a fine ranging from One hundred thousand pesos (₱100,000.00) to Five million pesos (₱5,000,000.00).
When there is a finding that any of its directors, officers, employees, agents, or representatives are engaged in graft and corrupt practices, the corporation's failure to install:
(a) safeguards for the transparent and lawful delivery of services; and (b) policies, code of ethics, and procedures against graft and corruption shall be prima facie evidence of corporate liability under this section.
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