Court upholds immunity of former BSP chief Laya

The Third Division of the Philippines Sandiganbayan Court has upheld the immunity granted to former Central Bank governor Jaime Laya by the Presidential Commission on Good Government (PCGG) and dismissed the $65 million graft case against him.

Laya was Governor of the Central Bank of the Philippines (Bangko Sentral ng Pilipinas) from January 1981 to January 1984.

In a resolution the Court held that the immunity agreement signed between Laya and the PCGG on April 5, 1990 "embraces and extends to