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                    [ArticleID] => 98036
                    [Title] => Urban Bank: Who benefitted whom?
                    [Summary] => Last Sept. 11 four counts of estafa charges were filed against former Urban Bank officials.


The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corp. (PDIC) contend that the officials conspired to misuse P2.8 billion of funds of the Urbank Bank Inc. (UBI).


Respondents, according to official documents, defrauded or prejudiced the interest of Urbank Bank, stockholders and their own depositors, to be able to pay and benefit selected clients and investors of their 40 percent-owned affiliate, Urbancorp Investment, Inc. (UII).


                    [DatePublished] => 2000-11-26 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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                    [ArticleID] => 98036
                    [Title] => Urban Bank: Who benefitted whom?
                    [Summary] => Last Sept. 11 four counts of estafa charges were filed against former Urban Bank officials.


The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corp. (PDIC) contend that the officials conspired to misuse P2.8 billion of funds of the Urbank Bank Inc. (UBI).


Respondents, according to official documents, defrauded or prejudiced the interest of Urbank Bank, stockholders and their own depositors, to be able to pay and benefit selected clients and investors of their 40 percent-owned affiliate, Urbancorp Investment, Inc. (UII).


                    [DatePublished] => 2000-11-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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Urban Bank: Who benefitted whom?

November 26, 2000 - 12:00am

Last Sept. 11 four counts of estafa charges were filed against former Urban Bank officials. The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corp. (PDIC) contend that the officials conspired...

Business