Monday, January 22, 2018

Good job! Makati Rep. Campos lauds NBI for arrest of Metrobank thief

Makati City Rep. Luis Campos Jr. hailed the National Bureau of Investigation (NBI) and Metropolitan Bank and Trust Co. for apprehending suspected embezzler Ma. Victoria Lopez before she could run off abroad.

“We are all somewhat relieved that the suspect is in the custody of the authorities, and not in a foreign territory where we might have had a problem getting her back,” Campos, a deputy minority leader, said.

“We’ve had a number of white-collar offenders in the past who ripped off large sums and evaded prosecution because they were able to flee the country,” Campos pointed out.

Acting on a Metrobank complaint, the NBI nabbed Lopez on July 18 at the lender’s Makati head office.

Campos also played down Metrobank’s potential financial losses from the internal fraud — estimated between P900 million to P2.5 billion.

“Metrobank is among the so-called Big 3 banks. It will just charge the fleeting financial losses against current earnings and press forward, hopefully with stronger internal anti-fraud controls in place,” Campos said.

Politiko would love to hear your views on this...
Recommended Articles

Recommended on other sites

The comments posted on this site do not necessarily represent or reflect the views of management and owner of We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

Trending News

Politiko Poll

Quick Links
Connect With Us
Want Politiko alerts on your inbox? Subscribe here.