State-run Philippine Deposit Insurance Corporation (PDIC) has filed a syndicated estafa with the Department of Justice (DOJ) against former officials of the closed Banco Filipino Savings and Mortgage Bank.
Accused of committing syndicated estafa in violation of Presidential Decree 1689 (1980) were: Albert Aguirre (former vice chairman), Teodoro Arcenas (former chairman and president), and 31 other former officers, employees and consultants of Banco Filipino.
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