State-owned Philippine Deposit Insurance Corp. (PDIC) has filed a criminal complaint against the former officers of the closed Rural Bank of Subangdaku Inc. (RBSI) in Cebu for the alleged creation of P2.6-billion fictitious loans.
As the statutory receiver of the closed rural bank, the PDIC filed the criminal complaint with the Department of Justice (DOJ) on January 13 against the former president and the former loans manager of the closed bank for the “creation of fictitious loans and for conducting business in an unsafe and unsound manner.”
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