+ Follow UII Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 167215
[Title] => Ombudsman junks Borlongan suit vs Paeng, other BSP execs
[Summary] => The Office of the Ombudsman dismissed yesterday the criminal complaint filed by former Urban Bank president Teodoro Borlongan against Bangko Sentral ng Pilipinas Governor Rafael Buenaventura and other BSP officials.
The Ombudsman also dismissed a related administrative case filed by Borlongan against Buenaventura and BSP general counsel Juan de Zuñiga, but three other BSP officials were held liable for "simple neglect of duty" in the aftermath of the bank’s collapse.
[DatePublished] => 2002-07-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 159150
[Title] => Urban Bank execs face estafa charges
[Summary] => Top officials of the defunct Urban Bank and its affiliate, Urbancorp Investments Inc. are now neck-deep in the technicalities of the three estafa cases filed by banking authorities, leaving no room for the immediate resolution of the case.
Bangko Sentral ng Pilipinas (BSP) general counsel Juan de Zuniga said that the Makati Regional Trial Court still has to rule on the motion to quash filed by the respondents, holding up the entire proceedings.
[DatePublished] => 2002-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 96210
[Title] => DOJ files new estafa charges vs 11 Urban Bank officials
[Summary] => The Department of Justice (DOJ) has filed with the courts new charges of estafa involving P1.8 billion against 11 Urban Bank officers led by Arsenio M. Bartolome and Teodoro C. Borlongan, chairman and president of the bank, respectively.
As this developed, banking sources said the new charges hurled at Urban Bank have further eroded its chances of finding a ‘white knight’ to bail it out and implement a recovery program.
[DatePublished] => 2001-02-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[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] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 97997
[Title] => SEC finds Urbancorp transactions questionable
[Summary] => The Securities and Exchange Commission has found Urbancorp Investment Corp. (UII) to have illegally sourced funds and sold commercial papers not registered with the SEC.
The SEC report also said UII and its mother company, the failed Urban Bank, had the same set of directors and officers in violation of BP 66 which allows such a-set-up only "where the majority or all of the equity of the investment house is owned by the bank."
Urban Bank owns only 40 percent of UII, not enough to consider it majority owned, the SEC report said.
[DatePublished] => 2000-11-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 97977
[Title] => Anatomy of a failed bank
[Summary] => UBI declared a bank holiday effective April 26 and was ordered placed under receivership by the Monetary Board.
Indeed, because of the irregular way the purchase was made, there was probably no sale at all. According to the BSP and PDIC, "None of these four pieces of papers (the four manager’s checks used in the transaction) proves the purchase by UBI and the sale by UII."
[DatePublished] => 2000-11-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 98489
[Title] => Urban Bank case remains on track, says Bangko Sentral
[Summary] => The Bangko Sentral ng Pilipinas (BSP) issued yesterday a statement concerning earlier news reports about certain groups pressing for the immediate reopening of Urban Bank. Following is the BSP’s side on the issue:
[DatePublished] => 2000-10-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
UII
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 167215
[Title] => Ombudsman junks Borlongan suit vs Paeng, other BSP execs
[Summary] => The Office of the Ombudsman dismissed yesterday the criminal complaint filed by former Urban Bank president Teodoro Borlongan against Bangko Sentral ng Pilipinas Governor Rafael Buenaventura and other BSP officials.
The Ombudsman also dismissed a related administrative case filed by Borlongan against Buenaventura and BSP general counsel Juan de Zuñiga, but three other BSP officials were held liable for "simple neglect of duty" in the aftermath of the bank’s collapse.
[DatePublished] => 2002-07-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 159150
[Title] => Urban Bank execs face estafa charges
[Summary] => Top officials of the defunct Urban Bank and its affiliate, Urbancorp Investments Inc. are now neck-deep in the technicalities of the three estafa cases filed by banking authorities, leaving no room for the immediate resolution of the case.
Bangko Sentral ng Pilipinas (BSP) general counsel Juan de Zuniga said that the Makati Regional Trial Court still has to rule on the motion to quash filed by the respondents, holding up the entire proceedings.
[DatePublished] => 2002-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 96210
[Title] => DOJ files new estafa charges vs 11 Urban Bank officials
[Summary] => The Department of Justice (DOJ) has filed with the courts new charges of estafa involving P1.8 billion against 11 Urban Bank officers led by Arsenio M. Bartolome and Teodoro C. Borlongan, chairman and president of the bank, respectively.
As this developed, banking sources said the new charges hurled at Urban Bank have further eroded its chances of finding a ‘white knight’ to bail it out and implement a recovery program.
[DatePublished] => 2001-02-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1704647
[AuthorName] => Rocel Felix
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[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] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 97997
[Title] => SEC finds Urbancorp transactions questionable
[Summary] => The Securities and Exchange Commission has found Urbancorp Investment Corp. (UII) to have illegally sourced funds and sold commercial papers not registered with the SEC.
The SEC report also said UII and its mother company, the failed Urban Bank, had the same set of directors and officers in violation of BP 66 which allows such a-set-up only "where the majority or all of the equity of the investment house is owned by the bank."
Urban Bank owns only 40 percent of UII, not enough to consider it majority owned, the SEC report said.
[DatePublished] => 2000-11-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 97977
[Title] => Anatomy of a failed bank
[Summary] => UBI declared a bank holiday effective April 26 and was ordered placed under receivership by the Monetary Board.
Indeed, because of the irregular way the purchase was made, there was probably no sale at all. According to the BSP and PDIC, "None of these four pieces of papers (the four manager’s checks used in the transaction) proves the purchase by UBI and the sale by UII."
[DatePublished] => 2000-11-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 98489
[Title] => Urban Bank case remains on track, says Bangko Sentral
[Summary] => The Bangko Sentral ng Pilipinas (BSP) issued yesterday a statement concerning earlier news reports about certain groups pressing for the immediate reopening of Urban Bank. Following is the BSP’s side on the issue:
[DatePublished] => 2000-10-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 26, 2000 - 12:00am
November 22, 2000 - 12:00am
November 19, 2000 - 12:00am
October 14, 2000 - 12:00am
