P900-M internal fraud rocks Metrobank

**Monseratto** · July 21st, 2017 10:57 AM

Bagsak MBTC shares sa stock market ngayon... Dinamay pa sila Gokongwei sa kalokohan...

P9-M internal fraud rocks Metrobank | Inquirer Business

The suspected rogue official has been identified as Maria Victoria Lopez, a vice president at the corporate services unit of Metrobank’s Makati City head office.

She was arrested on July 17 by the National Bureau of Investigation in a sting operation on the bank’s premises.

Lopez, 54 and one year away from the mandated retirement age, is detained at the NBI headquarters, according to sources.

**dreamur** · July 21st, 2017 11:15 AM

Wow! This type of fictitious loans happens through collusion (willingly or unwillingly). A VP alone cannot produce documents and secure approval to release the funds on her own.

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**CVT** · July 21st, 2017 11:19 AM

Originally Posted by dreamur

Wow! This type of fictitious loans happens through collusion (willingly or unwillingly). A VP alone cannot produce documents and secure approval to release the funds on her own.

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I checked her credentials bro.,- based on their published BOD's Organizational Meeting last April, 2017,- AVP [lang] siya and so, she definitely needs somebody up there for these transactions, amounting to P30M each.....

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

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**dreamur** · July 21st, 2017 02:03 PM

Originally Posted by CVT

I checked her credentials bro.,- based on their published BOD's Organizational Meeting last April, 2017,- AVP [lang] siya and so, she definitely needs somebody up there for these transactions, amounting to P30M each.....

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

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Deactivate na ang linkedin profile bro but found this sa google. Naka burburry.

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**CVT** · July 21st, 2017 02:09 PM

Originally Posted by dreamur

Deactivate na ang linkedin profile bro but found this sa google. Naka burburry.

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Bro- thanks. I have not met her,- but we have to knock hard on the bank to make sure that they are "in control" and have them commit to give us a regular update on the issue.

Deym!

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

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**minicarph** · July 21st, 2017 02:13 PM

Originally Posted by CVT

Bro- thanks. I have not met her,- but we have to knock hard on the bank to make sure that they are "in control" and have them commit to give us a regular update on the issue.

Deym!

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

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I think fafa, mag secretly withdraw ka na ngaun sa ATM mo in P20000 tranches hehe, you'll never know how these things turn up but smart depositors should be on stealth mode na.

**Monseratto** · July 21st, 2017 02:28 PM

Originally Posted by dreamur

Deactivate na ang linkedin profile bro but found this sa google. Naka burburry.

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Marivic Sta Ana-Lopez | Facebook

**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.

**chronicle** · July 21st, 2017 12:13 PM

Nagpundar na sya. Nahuli lang. How can metrobank get back the money?

**badkuk** · July 21st, 2017 01:49 PM

Reminds me of that RCBC heist. Baka fall girl yan siya.

Pag ganyan ba covered ng insurance?

**minicarph** · July 21st, 2017 02:08 PM

o sa tingen nyo yari ang Toyota dyan, will this explain the sheer almost 50% lead of Toyota sa market share? I mean takang-taka talaga ako how a Fortuner can be more than any other car model in our roads today considering we are a third world country

**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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**Monseratto** · July 22nd, 2017 06:46 PM

Either someone squealed cuz they didn't get a piece of the action, or someone did their job... George Ty should do a top to bottom purge of all the officers who were connected with this rogue VP.

Metrobank probes possible conspiracy | Inquirer Business

According to two sources who spoke to the Inquirer, the manipulation of loan releases into accounts of fictitious borrowers was also likely made easier by the “relatively high stature of the suspected rogue banker in the country’s second-biggest financial institution.”

“Everyone knew that Mavic was an important person in the bank,” said a source who has dealt with the suspect, Maria Victoria Lopez, 54, a corporate services assistant vice president of Metrobank. “She had a fancy car, she had a bodyguard and she knew the [bank’s] owners.”

The second source said that due to her status within Metrobank’s Makati City head office, she could order the execution of transactions even without the benefit of complete documentation.

“People trusted her, or were afraid of saying ‘no’ to her when she gave an order,” the banker said.

“We understand that this URC account has been used for this activity since 2012,” he added, referring to the fictitious bank account opened in the name of the Gokongwei family-owned Universal Robina Corp.

**kagalingan** · July 22nd, 2017 06:50 PM

Mukhang malaki na nakubra....

Ano mga ikakaso sa kanyan at grabe retirerement mo sa correctional na.....

**br733** · July 23rd, 2017 01:04 PM

Originally Posted by dreamur

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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all along i could not understand how the she got caught with the 2.25 million interest payment to a person. i thought the interest payment should have been made in favor of the bank.

the above explanation makes more sense except that if i use the above logic, the loan rate of metrobank to urc should be lower than the placement rates she can get elsewhere which also does not make sense also.

perhaps a congressional hearing will help us understand.

**Walter** · July 23rd, 2017 02:42 PM

The interest payment was DRAWN from a personal account ... meaning the funds were taken from a personal account ... which is indeed suspicious ...

URC indeed has a preferential interest rate which is lower ... so they put the loan in a higher earning investment ...

**br733** · July 23rd, 2017 06:56 PM

meaning urc is lborrowing at a rate lower than deposit rates ?

Also if indeed there is such a case the treasury of urc should max out the credit facility and place everything at the higher yielding deposit product

**minicarph** · July 23rd, 2017 10:43 PM

Originally Posted by br733

meaning urc is lborrowing at a rate lower than deposit rates ?

Also if indeed there is such a case the treasury of urc should max out the credit facility and place everything at the higher yielding deposit product

sobrsng dami na nga.ng itlog nila sa supermarkets eh, parang wala na ata sil mapag-investan ng maiuutang sa metrobank kaya hayun nagka-idea yun mgs empleyado ng metrobank na gamitin yun natutulog na credit line

**StockEngine** · July 23rd, 2017 10:48 PM

Originally Posted by br733

meaning urc is lborrowing at a rate lower than deposit rates ?

Also if indeed there is such a case the treasury of urc should max out the credit facility and place everything at the higher yielding deposit product

lending rate and deposit rate are different diba?

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**greenlyt** · July 24th, 2017 03:42 PM

Originally Posted by dreamur

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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wow! a very costly mistake, parang mali ng isang amateur

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P900-M internal fraud rocks Metrobank

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