P900-M internal fraud rocks Metrobank

**papi smith** · July 25th, 2017 12:03 PM

Buy at 70 or below

Originally Posted by Nytrisco

And for me, this will be an opportunity sa stock market na makabili ng MBT. Just like sa ngyari sa RWM.

**dreamur** · July 24th, 2017 02:49 PM

As the infamous party to the ZTE deal, I think it was Neri who told them to "moderate your greed". P250k/ month is not a lot at the executive level. With the signatures bags, parlours and luxurious life she lives, she could be getting huge bonuses on her accounts (including RFM).

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**baludoy** · July 27th, 2017 09:13 AM

I didn't know unionbank had a similar incident a week before the metrobank heist blew up in the news. I just read it at boo chanco's pdi article yesterday.

Hmmm...these kinds of white collar thievery aren't isolated na ah (as claimed by the bsp).

when you look into the abyss, the abyss looks into you

**CVT** · July 27th, 2017 09:28 AM

Originally Posted by baludoy

I didn't know unionbank had a similar incident a week before the metrobank heist blew up in the news. I just read it at boo chanco's pdi article.

Hmmm...these kinds of white collar thievery aren't isolated na ah (as claimed by the bsp).

when you look into the abyss, the abyss looks into you

And there are a lot more,- even in our industry bro...

A huge multinational company employing thousands of employees closed shop years ago because of a few (mafia-type) already-well-to-do greedy persons,- who walked off with tens and hundreds of millions, while thousands of fellow Filipino employees went jobless...

Greediness is a universal plague.....

"The measure of a man is what he does with power" LJIOHF!

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**dreamur** · July 27th, 2017 01:18 PM

Originally Posted by CVT

And there are a lot more,- even in our industry bro...

A huge multinational company employing thousands of employees closed shop years ago because of a few (mafia-type) already-well-to-do greedy persons,- who walked off with tens and hundreds of millions, while thousands of fellow Filipino employees went jobless...

Greediness is a universal plague.....

"The measure of a man is what he does with power" LJIOHF!

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Nag start ba sa letter "I" ang company na yan bro na nasa Vietnam na?

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**CVT** · July 27th, 2017 02:15 PM

Originally Posted by dreamur

Nag start ba sa letter "I" ang company na yan bro na nasa Vietnam na?

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Sakto bro.,- kapitbahay ninyo ito doon....

Tapos,- ang mga magna*,- nandito lang at pasipul-sipol sa tabi-tabi...

Dapat if proven guilty,- ibinaon na sila sa bartolina sa kasong "economic sabotage"... Tuloy- iyan ang reputastyon namin sa mga taga-labas.....

Where is just-"tiis" ???

"The measure of a man is what he does with power" LJIOHF!

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**dreamur** · July 27th, 2017 02:36 PM

Originally Posted by CVT

Sakto bro.,- kapitbahay ninyo ito doon....

Tapos,- ang mga magna*,- nandito lang at pasipul-sipol sa tabi-tabi...

Dapat if proven guilty,- ibinaon na sila sa bartolina sa kasong "economic sabotage"... Tuloy- iyan ang reputastyon namin sa mga taga-labas.....

Where is just-"tiis" ???

"The measure of a man is what he does with power" LJIOHF!

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Hay naku, magaling kumapit sa sino mang admin ang mga magnana* bro...

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**shadow** · July 27th, 2017 09:51 AM

If money is right in front of your eyes and it's an easy picking... I think what makes her do it was she thought it's not "sstealing Kasi binabalik naman niya yun principal, sa interest lang siya kumikita which ganun din naman ginagawa ng mga banko.

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**uls** · July 27th, 2017 05:15 PM

Originally Posted by shadow

If money is right in front of your eyes and it's an easy picking... I think what makes her do it was she thought it's not "sstealing Kasi binabalik naman niya yun principal, sa interest lang siya kumikita which ganun din naman ginagawa ng mga banko.

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nakakalito mga kwento

may version na nagwithdraw daw siya ng interest earning and deposited into a personal account

may version naman na may nagbayad daw ng interest para sa loan, but the money came from a personal account

(since that woman created a loan using URC's credit line, there has to be interest payment. So she was paying interest on the loan using money coming from a personal account, which aroused suspicion)

**uls** · July 27th, 2017 05:19 PM

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?

**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

**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 05:29 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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**vinj** · July 27th, 2017 06:15 PM

Originally Posted by shadow

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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Assuming the super prime rate would be at a range of 2.25%-2.50%-2.75%, DST will add around 50bps so she has to net at least 3.25% when investing to break even. To start earning she should have investment returns of at least 4% maybe.

**shadow** · July 27th, 2017 06:17 PM

Originally Posted by vinj

Assuming the super prime rate would be at a range of 2.25%-2.50%-2.75%, DST will add around 50bps so she has to net at least 3.25% when investing to break even. To start earning she should have investment returns of at least 4% maybe.

Casino financier!

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**hinlog** · July 27th, 2017 07:46 PM

Nagtataka lang ako baket MC this time to her personal account. Paano kaya niya ginagawa dati?

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**Monseratto** · July 27th, 2017 07:57 PM

So was she going to authorize an MC from a personal account to pay for the interest of a corporate bank loan... ?

**uls** · July 27th, 2017 08:25 PM

Originally Posted by Monseratto

So was she going to authorize an MC from a personal account to pay for the interest of a corporate bank loan... ?

From the stories I heard

There was interest payment on the URC loan na galing sa personal acct

Kaya naging suspicious ang staff

May version naman dinedeposit sa personal acct ang pera galing sa URC loan

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P900-M internal fraud rocks Metrobank

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