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                    [ArticleID] => 145985
                    [Title] => Unitrust Bank placed under receivership
                    [Summary] => Unitrust Development Corp., a thrift bank reportedly owned by the group of Japanese businessman Genta Ogami, declared a bank holiday yesterday and was immediately placed under receivership by the Philippine Deposit Insurance Corp. (PDIC).


The 12-branch thrift bank is the first bank to fold up this year.


Ogami is the owner of G. Cosmos Philippines which was ordered by the Securities and Exchange Commission (SEC) to close after it engaged in the sale of unregistered investment contracts.


                    [DatePublished] => 2002-01-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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AGAPITO THELMO AND BENTHEL DEVELOPMENT AND PRIVATE HOLDINGS MANAGEMENT CORP

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                    [ArticleID] => 145985
                    [Title] => Unitrust Bank placed under receivership
                    [Summary] => Unitrust Development Corp., a thrift bank reportedly owned by the group of Japanese businessman Genta Ogami, declared a bank holiday yesterday and was immediately placed under receivership by the Philippine Deposit Insurance Corp. (PDIC).


The 12-branch thrift bank is the first bank to fold up this year.


Ogami is the owner of G. Cosmos Philippines which was ordered by the Securities and Exchange Commission (SEC) to close after it engaged in the sale of unregistered investment contracts.


                    [DatePublished] => 2002-01-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Unitrust Bank placed under receivership

By Rocel Felix | January 5, 2002 - 12:00am

Unitrust Development Corp., a thrift bank reportedly owned by the group of Japanese businessman Genta Ogami, declared a bank holiday yesterday and was immediately placed under receivership by the Philippine Deposit...

Business