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                    [ArticleID] => 186406
                    [Title] => UOBP minority stockholder accuses Espiritu of engaging in ‘dummy deal’
                    [Summary] => 

A minority stockholder of United Overseas Bank of the Phils. (UOBP) has accused former Finance Secretary Edgardo Espiritu and his associates of engaging in dummy deals, a charge that has been denied by the lawyers of the Espiritus.


The minority stockholder also called on the Bangko Sentral ng Pilipinas (BSP) to investigate the reported settlement between the bank’s majority stockholders and Espiritu Group.


In a press statement, lawyer Roan Libarios claims the same dummy deal "is now being used to deprive the group of its rightful share in UOBP."


                    [DatePublished] => 2002-12-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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AUSTRALIAN COMMERCE DISPUTE CENTER

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                    [ArticleID] => 186406
                    [Title] => UOBP minority stockholder accuses Espiritu of engaging in ‘dummy deal’
                    [Summary] => 

A minority stockholder of United Overseas Bank of the Phils. (UOBP) has accused former Finance Secretary Edgardo Espiritu and his associates of engaging in dummy deals, a charge that has been denied by the lawyers of the Espiritus.


The minority stockholder also called on the Bangko Sentral ng Pilipinas (BSP) to investigate the reported settlement between the bank’s majority stockholders and Espiritu Group.


In a press statement, lawyer Roan Libarios claims the same dummy deal "is now being used to deprive the group of its rightful share in UOBP."


                    [DatePublished] => 2002-12-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

UOBP minority stockholder accuses Espiritu of engaging in ‘dummy deal’

By Ted P. Torres | December 3, 2002 - 12:00am

A minority stockholder of United Overseas Bank of the Phils. (UOBP) has accused former Finance Secretary Edgardo Espiritu and his associates of engaging in dummy deals, a charge that has been denied by the lawyers...

Business