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                    [ArticleID] => 393704
                    [Title] => Banker gets 40 years for misuse of bank funds
                    [Summary] => 





A former banker was convicted of four counts of estafa and sentenced to over 40 years in prison for misusing bank funds, including a P12.6-million emergency loan from the Bangko Sentral ng Pilipinas (BSP).


Found guilty was Hilario Soriano, former president of the defunct Rural Bank of San Miguel (RBSM) who was caught siphoning off bank funds to his personal company, Soriano Holdings Corp.


Court records showed that Soriano misappropriated P21 million in RBSM funds, making unauthorized transfers to his holding company, supposedly for investment purposes.


                    [DatePublished] => 2007-04-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

FIRST COCONUT RURAL BANK

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(
    [results] => Array
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            [0] => Array
                (
                    [ArticleID] => 393704
                    [Title] => Banker gets 40 years for misuse of bank funds
                    [Summary] => 





A former banker was convicted of four counts of estafa and sentenced to over 40 years in prison for misusing bank funds, including a P12.6-million emergency loan from the Bangko Sentral ng Pilipinas (BSP).


Found guilty was Hilario Soriano, former president of the defunct Rural Bank of San Miguel (RBSM) who was caught siphoning off bank funds to his personal company, Soriano Holdings Corp.


Court records showed that Soriano misappropriated P21 million in RBSM funds, making unauthorized transfers to his holding company, supposedly for investment purposes.


                    [DatePublished] => 2007-04-10 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

abtest

Banker gets 40 years for misuse of bank funds

By Des Ferriols | April 10, 2007 - 12:00am

A former banker was convicted of four counts of estafa and sentenced to over 40 years in prison for misusing bank funds, including a P12.6-million emergency loan from the Bangko Sentral ng Pilipinas (BSP). Found...

Headlines