P900-M internal fraud rocks Metrobank

**uls** · July 27th, 2017 05:20 PM

how can she earn interest from the loan?

ficticious nga ung loan

sino nagbabayad ng interest?

di naman magbabayad ng interest ang URC dyan hindi naman sila nag tap ng credit line

**uls** · July 27th, 2017 05:29 PM

it seems like she created a loan and credited the amount into her personal account

para di masyado halata, she was paying interest on the loan

**vinj** · July 27th, 2017 05:32 PM

Originally Posted by Wh1stl3r

The story I heard was, the older Gokongwei arrived at an airport abroad with a bunch of URC/JG Summit execs. JG told a bunch of execs to wait for him because he was going to withdraw some money at the ATM.

So the guys waited for him. When he came back he was counting a thick wad of local currency in front of them. The guys were excited as they thought he was gonna give out some pocket money.

Still counting the money, he told the guys to get a taxi for them. So they did, and JG rode with them. As he arrived at his stop, and was alighting from the cab, he told his guys to pay for the fare and left. ��

If you look at it well enough, if this is true then it's a non issue because the executives just have to reimburse the related expenses really. Since it's a business related travel, may per diem yan and pwede mag reimburse so Big John doesnt have to give them anything from his own pocket money :D.

Originally Posted by uls

somebody pls explain how she made money from creation of the loan using URC's credit line

did she create a loan and the whole amount was diverted into a personal account/s?

Was trying to figure this out as well.

If she pocketed the loan proceeds, she still has to pay interest and eventually settle the loan to keep things before the radar.

If she invested the loan proceeds and pocketed the interest, she has to be pretty good in investments to hurdle the cost of funds (borrowing rate + DST).

**shadow** · July 27th, 2017 05:44 PM

Pwede pinapautang din niya or investing it to other things.

Sigurado mababa yun interest rate ng URC or baka naging ponzi. Get more fictitious loans to cover up

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**shadow** · July 27th, 2017 05:46 PM

Originally Posted by uls

how can she earn interest from the loan?

ficticious nga ung loan

sino nagbabayad ng interest?

di naman magbabayad ng interest ang URC dyan hindi naman sila nag tap ng credit line

Siya nagbabayad

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**uls** · July 27th, 2017 05:51 PM

so yun na nga

siya nagbabayad ng interest para hindi maging bad loan ung loan

para di mahalata

kaso ung interest na binabayad niya galing sa personal account

dapat galing sa URC

kaya nahuli sya

**uls** · July 27th, 2017 05:52 PM

so hindi tama ung story na nagwiwithdraw sya ng interest

ang tamang story nagbabayad sya ng interest

**shadow** · July 27th, 2017 05:54 PM

Originally Posted by uls

so yun na nga

siya nagbabayad ng interest para hindi maging bad loan ung loan

para di mahalata

kaso ung interest na binabayad niya galing sa personal account

dapat galing sa URC

kaya nahuli sya

Hinde yata siya doon nahuli, nagpa issue siya ng MC for personal account which supposedly dapat sa corporate lang. Kaya na flag nila. Bawal mag issue Department niya ng MC to personal account.

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**uls** · July 27th, 2017 05:57 PM

Originally Posted by shadow

Hinde yata siya doon nahuli, nagpa issue siya ng MC for personal account which supposedly dapat sa corporate lang. Kaya na flag nila. Bawal mag issue Department niya ng MC to personal account.

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oh ok

--

so the MC is drawing money from the URC credit line?

**shadow** · July 27th, 2017 06:03 PM

Originally Posted by uls

oh ok

____________

Saan niya pwede invest yan na mabilis turn around? Kung totoo invest niya nga.

Alam natin na mababa interest rate ng URC sa Metrobank Since valued silent Yan.

Duda ko parang ponzi eh kaya hindi tumigil While ahead siya. She need to cover up Yun mga naunang loans.

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