The chair of the House committee on banks and financial intermediaries on Friday called a congressional investigation into an “alarming” case of internal fraud amounting to P900 million that rocked Metropolitan Bank and Trust Co. (Metrobank), the country’s second-largest bank.
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Eastern Samar Rep. Ben Evardone, in a statement to reporters, said his panel would inquire into the scam allegedly perpetrated by a senior bank official who funneled disbursed loans into fictitious accounts created in the name of a legitimate client.
“The discovery of the ‘fake accounts’ in Metrobank is very alarming,” he said.
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“The adverse effects of the existence of ‘fake bank accounts’ is more damaging than ‘fake news’ because this [involves] actual money of depositors,” Evardone said.
The lawmaker said his committee would invite the Bangko Sentral ng Pilipinas (BSP) to the inquiry on a still-unspecified date.
