Ricardo Almenar, a special customs agent, is charged before the Office of the Ombudsman with having acquired property out of proportion to his salary, in violation of the Anti-Graft and Corrupt Practices Act. The Ombudsman issued a subpoena duces tecum to QRST Bank commanding its duly authorized representative to furnish the Office of the Ombudsman records of transactions - including all bank transactions in QRST Bank- by or in the name of Ricardo Almenar, his wife, children and friends. The subpoena specifically named the friends of Ricardo Almenar. Ricardo Almenar opposed the subpoena arguing that it violates the Law on Secrecy of Bank Deposits. Is the contention of Ricardo Almenar correct?