Online Resources and Updates for Overseas Filipino Workers

free counters

BSP calls witness vs Banco Filipino during DOJ hearing

bangko sentral

On Thursday, the Bangko Sentral ng Pilipinas revealed  before a Department of Justice panel a witness to the string of criminal charges it filed against Banco Filipino Mortgage and Savings Bank.

BSP lawyer Sandra Coronel said witness Rey Taguinod happens to  be  the central bank’s examiner who found out the Banco Filipinos’ alleged unsound bank practices that ended up to close  last March.

"Mr. Taguinod will subscribe to his affidavit charging the officers of Banco Filipino with five different offenses under the Central Bank Act. He is the examiner who looked into the papers and submissions of Banco Filipino. He was able to rate the non-compliant actuations of Banco Filipino and its respective officers," Coronel said in an interview.

Banco Filipino has also filed a graft complaint against BSP officials.