• 6 AUGUST - *1907 - Gen. Macario Sakay, one of the Filipino military leaders who had continued fighting the imperialist United States invaders eight years into the Ph...
    4 years ago

......................................................................................

The Daily Tribune

(Without Fear or Favor)

Specials:

Bulatlat.com

World Wildlife Fund for Nature-Philippines

The Philippines Matrix Project

Crush ATM loan scams, Planas urges BIR 06/19/2012

Tuesday, June 19, 2012

Crush ATM loan scams, Planas urges BIR

06/19/2012
Company-issued automated teller machine (ATM) cards have reportedly become the means by which multi-million lending transactions trap millions of employees into making loans with monthly interest rates ranging from five percent to 10 percent, former Quezon City official Charito Planas declared.

Planas urged the Bureau of Internal Revenue (BIR) to look into the multimillion-peso loan scams which do not share their revenues with the government.

For instance, bothered by the payment for the tuition fee installments of his three college children and their school needs such as books, uniforms and other expenses, one Edong, a permanent government employeewho receives a monthly salary of P12,000 pawned his ATM card to an officer in a Metro Manila LGU for P40,000 at an agreed interest rate of five percent or P1,500 per month.... MORE
SourceThe Daily Tribune

URL: http://www.tribuneonline.org/nation/20120619nat5.html

0 comments

There was an error in this gadget

Blog Archive