Section 10Sec./Art. 10

A new section of R.A. No. 7042, as amended, is inserted as Section 17 to read as follows:

"Section 17. Anti-Graft Practices in Foreign Investment Promotions. - Public officials and employees involved in foreign investment promotions shall uphold the highest standards of public service, accountability, and integrity. Accordingly, any public official or employee involved in foreign investment promotions who sahll commit any of the acts under Section 3 of Republic Act No. 3019, as amended, otherwise known as the Anti-Graft and Corrupt Practices Act, shall, in additional to the penalties provided under Section 9(a) of the said Act, be punished by a fine of not less than Two million pesos (P2,000,000.00) but not more than Five million pesos (P5,000,000.00)."