Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Bank executive arrested over P900-M Metrobank fraud

A SENIOR official of the Metropolitan Bank and Trust Co. (Metrobank) suspected of orchestrating an elaborate fraud scheme to embezzle millions of pesos from the second largest bank in the country was arrested by the National Bureau of Investigation (NBI) last July 17.

In a statement released by Metrobank on Friday, July 21, it said that the authorities have already arrested last Monday the alleged mastermind of the P900-million internal fraud. NBI sources identified the suspect as Maria Victoria Lopez, vice president of the corporate services unit in Metrobank’s Makati City head office.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.