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BSP execs deny Banco Filipino graft raps By Benjamin B. Pulta 05/21/2011

Saturday, May 21, 2011

BSP execs deny Banco Filipino graft raps

By Benjamin B. Pulta 05/21/2011

Monetary regulators have formally denied the graft charges filed against them by officials of the
Banco Filipino Savings and Mortgage Bank in connection with the bank’s closure.

Officials of the Bangko Sentral ng Pilipinas (BSP) led by governor Amado Tetangco Jr., deputy governor Nestor Espenilla Jr., deputy governor and general counsel Juan de Zuniga Jr., and Monetary Board members Juanita Amatong, Alfredo Antonio, Ignacio Bunye and Peter Favila submitted their counter-affidavit to the DoJ panel chaired by Senior State Prosecutor Rosanne Balauag during hearing.

The seven officials said they did not violate Section 3 (e) of RA 3019 (Anti-Graft and Corrupt Practices Act) in ordering Banco Filipino’s closure after denying the grant of emergency loans needed by the bank under an emergency situation..... MORE

SourceThe Daily Tribune

URL: http://www.tribuneonline.org/nation/20110521nat2.html

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