Results 41 to 50 of 120
-
August 23rd, 2010 02:18 AM #41
A bit OT but I went to this street to get to Tayhua, a known photography supply store. I could understand how that branch can get a lot of high money clients. It's practically next door to Divisoria. It's also one of the most crowded streets I've been to. Never going back again there.
-
August 23rd, 2010 02:37 AM #42
Update.....
http://newsinfo.inquirer.net/inquire...w-shiny-things
Ang’s father, Manila Councilor Bernie Ang, told the Inquirer that his son was being persecuted in an effort to prevent him from exposing purported irregularities in the American banking giant.
“There is a concerted effort to destroy him because Bryan was about to expose something he could not take...He was about to reveal those things and told the management about what he found wrong in the system, and they jumped the gun on him,” the father said.
In a statement issued Friday, Citibank said it was looking into “questionable” transactions initiated by a wealth management executive suspected to have swindled some depositors of its branch in Binondo, Manila.
Ang, 36, was not named in the statement. But banking sources confirmed it was he, and said he was believed to have slipped out of the country.
“We have filed criminal and civil cases against him, supported by his own admissions and very strong documentary evidence. We are working closely with the relevant authorities who are assisting us in this matter,” Citibank said.
Fear for his life
“Bryan is hiding, not because of the charges, but because he is scared for his life. He knows and is ready to reveal a lot of things,” the father said, adding:
“Why is he being vilified and crucified at all cost?”
The councilor cited claims where his son was accused of distributing fake certificates and withdrawing a client’s money.
“How was Bryan able to do that without the bank knowing?” he said. “The central bank (Bangko Sentral ng Pilipinas) conducts an audit every year. Citibank does an audit every year. The bank authenticates certificates. Don’t tell me they did not notice right away and only recently found out?”
The councilor pointed out that Ang had been with Citibank for 10 years and was a consistent winner of international awards as its top solicitor. “Why are they persecuting him now? Is it because they are hiding something?”
Irony
The councilor said Ang had realized that his wealth management job at Citibank was not doing the country any good because he was siphoning money abroad.
Early this month, Ang decided to inform Citibank of his misgivings—a move, the father said, that brought trouble for his son.
Ironically, the father said, Citibank issued a letter to its clients last month that it was to deal with Ang, but reportedly withdrew the letter this month after his son expressed his misgivings.
“They might have been scared of the exposé that Bryan was planning to do. Their intention now is to discredit him at all cost even if it makes the bank look stupid,” the councilor said.
He observed that the bank usually kept an issue like this under wraps but had surprisingly publicized it in Ang’s case.
“He is doing this (exposé) for the country,” the councilor said, adding that his son was open to testifying in a congressional inquiry should legislators decide to conduct a probe into Citibank’s alleged anomalies.
Isolated case
In its statement, Citibank said the employment of the person in question had been terminated.
“Although the investigation is still ongoing, we believe this is an isolated case, and we are taking all necessary measures to protect our clients,” the bank added.
It also said it had identified a “small” number of affected clients.
“We are reviewing these accounts, and our priority is to work closely with these clients to ensure a satisfactory outcome,” it said. With a report from Doris C. Dumlao
-
August 23rd, 2010 07:57 AM #43
Coun. Bernie Ang is playing the "conspiracy theory" strings like Marlene Aguilar. Parent protection mode no matter how bizzare the story is.
-
-
August 23rd, 2010 08:36 AM #45
-
couch potato
- Join Date
- May 2005
- Posts
- 1,384
August 23rd, 2010 08:42 AM #46i met the guy way back .. medyo maangas .. very "transactional" yung dating .. tipong "i know a guy who knows a guy that can get you what you want" .. "buys" himself into friendships .. i didn't think he'd go overboard and do something criminal ..
Last edited by mrpink; August 23rd, 2010 at 08:45 AM.
-
August 23rd, 2010 08:53 AM #47
-
August 23rd, 2010 08:57 AM #48
Kung ano ang puno,- iyon ang bunga....
And, the fruits do not fall far from the tree.....
10.7K:naughty:
-
August 23rd, 2010 09:25 AM #49
Actually, the guy's father has a point. Audits are regularly conducted both by the bank's internal audit team and the BSP. Sometimes even, there are surprise audits on top of the regular audits, and given a bank's size like Citibank, which prides itself in having world-class standards, medyo mahirap paniwalaan na naisahan sila.
Take for example yung CTD's. Coming from the banking and finance sector, it's hard to imagine that borrowers are holding fake CTD's without the branch management not knowing about it. There has to be collusion somewhere, and I'm quite sure, hindi lang si Francis Bryan Ang ang may kagagawan nito.
Buti na lang na-pull out ko na yung investments ko sa Citibank at nailagay ko sa Multitel at MMG. Safer, no?
-
August 23rd, 2010 09:30 AM #50
Even if the father has a valid point, he is trying to make a hero out of a villain.
Anyway, the Brian Ang is surely not working alone when he commited the fraud because it would require a 2nd person (like a supervisor or someone of his immediate superior) to actually move the money from account to account. So the question might be, who are the other people involved with Brian Ang?
Ayos sumabay pa sa Greenbelt 1.
Makati CBD parking