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                    [Title] => Bank faces suit over botched investment
                    [Summary] => Asiatrust Bank faces a possible lawsuit from a group of small investors who claim the bank may have deliberately misled them on the investment of their funds in a company that eventually went bankrupt.


The group said they are now mulling charges against the Quezon City-based bank for alleged misrepresentation involving transactions estimated at over P20 million after the bank rolled over their placements just 11 days prior to the debtor-company’s closure.


                    [DatePublished] => 2003-07-07 00:00:00
                    [ColumnID] => 133272
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ORIENTAL MOTOLITE CORP

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                    [Title] => Bank faces suit over botched investment
                    [Summary] => Asiatrust Bank faces a possible lawsuit from a group of small investors who claim the bank may have deliberately misled them on the investment of their funds in a company that eventually went bankrupt.


The group said they are now mulling charges against the Quezon City-based bank for alleged misrepresentation involving transactions estimated at over P20 million after the bank rolled over their placements just 11 days prior to the debtor-company’s closure.


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abtest

Bank faces suit over botched investment

July 7, 2003 - 12:00am

Asiatrust Bank faces a possible lawsuit from a group of small investors who claim the bank may have deliberately misled them on the investment of their funds in a company that eventually went bankrupt. The group...

Business