P900-M internal fraud rocks Metrobank

**minicarph** · July 21st, 2017 02:56 PM

Originally Posted by uls

so they created fake loans

and the money credited into fake accounts?

if it's in 30M only tranches then hinde yan business corporate loans or even real estate devt. loans. liit naman ng 30M. IF it will be traced, sa tingen ma-pinpoint yan eh yung 30M broken down in !M or something. eh diba nagkarun ng rent sangla scam. small bank officers approved unqualified car loans. the car subprime is slowly revealing itself *uls.

**StockEngine** · July 21st, 2017 04:36 PM

Wow greedy bastards.

The Inq article didn't mention "AMLA"

Was it AMLA that saw these regular money transfers? 30M x 30 times??? WTF

Or some other employee in Metrobank saw the transfers and reported this to BSP?

Mahina Metrobank and this BSP?

**Lew_Alcindor** · July 21st, 2017 04:40 PM

Originally Posted by H1Tman

News clip says the fraud can run up to PHP2.5B, after verification. Do you think this amount is enough to flip over Metrobank?

Big banks probably have assets in the trillions so barya lang yan. But it is still a loss. Ang masaklap jan eh loss of confidence.

**minicarph** · July 21st, 2017 06:12 PM

hindi yan barya, P2.B. sa article sabi kumikita lang nag metrobank ng 6B per year. or orughly half na nag nawal. pano mo sasabihin sa mga metrobank employees na half a years worknila eh ninakaw. tapos pano yun interest opportunities ng P2.5B na yun. sa isang buwan lang alone at 10% eh eh P250 M na .

on the part of employees toiling everyday sa mga branches, adding to their coffers, tapos yun mga nasa main branch HQ. eh iwawala. it's either they imitate their bosses or they become disgruntled.

sa BSP naman, they are allowed to print 10x more sa binigay ng BSP sa kanila so malamang P250 M na pera ng bayan yan . this could be economic sabotage if this is just tip of iceberg, meaning yan 2.5B lang reported. mas malaki pa pala

**Monseratto** · July 21st, 2017 09:52 PM

From the 25 BILLION authorized credit pool for the client, nag shift siya ng funds to fake accounts using the client name, then tried to get the interest...

How NBI caught Metrobank executive linked to fraud | ABS-CBN News

The suspect, Maria Victoria Lopez, was arrested on July 18 after she allegedly attempted to shift P2.25 million in interest from unauthorized loans, officials said.

The interest payment was for one of 2 borrowings from a P25-billion pool. The bank's client, which was authorized to borrow from the fund, denied executing the 2 loans worth P900 million and P850 million, officials said.

Lopez allegedly directed the issuance of a manager's check to an individual, a "red flag" because such checks are issued only to corporate clients, said Norman Aguirre, the NBI agent on case.

**kagalingan** · July 21st, 2017 10:24 PM

Grabe.... nakita ko facebook page...

May mga picture pa sya kasama mga apo....

Isipin kasi pag gagawa kalokohan tapos naka public pa facebook...

**minicarph** · July 21st, 2017 10:57 PM

so now they're calling it 2.25B na, hindi na 900M tsk tsk

**br733** · July 22nd, 2017 12:50 PM

metrobank net profit for 2016 is 18 billion.

the biggest bank, bdo, made a record 26 billion net profit for 2016.

but 2 billion is still 2 billion.

**leonleon** · July 22nd, 2017 01:50 PM

MB is worth 2 trillion.

2 billion is only .001% of that.

**dreamur** · July 22nd, 2017 02:26 PM

I heard the m.o. was she used an existing client's credit line (RFC?) To execute fictitious loans and deposit it to various fictitious accounts (bank/investment/trust) that earn interest higher than the loan. Pay off the interest from the loan and pocket the difference. The flag was raised when payment of the interest (mc) was drawn from a personal account instead of the client's. That is why MBTC is saying that the P900M loan is "intact" under fictious names. The question is how to get it back.

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