Former Banco Filipino officials indicted by DOJ

Former Banco Filipino officials indicted by DOJ

In a statement, state deposit insurer Philippine Deposit Insurance Corporation (PDIC) said the Department of Justice Task force issued a resolution on March 2021 indicting Banco Filipino officials for violations of certain provisions of Republic Act No. 3591, as amended, or the PDIC Charter.

Banco Filipino execs charged

Banco Filipino execs charged

The Philippine Deposit Insurance Corporation (PDIC) filed a criminal case against executives of the closed Banco Filipino Savings and Mortgage Bank, Inc. (Banco Filipino) for alleged criminal acts that caused the bank to incur losses amounting to PhP789.46 million.