Pala-isip

Finally, some news about the VP of Citibank that stole millions I posted 2 years ago. From the Inquirer . The Department of Justice (DoJ) has ordered the filing of 87 counts of qualified theft against the son of Manila Councilor Bernie Ang who allegedly pocketed close to P138 million in bank deposits. Francis Bryan Ang, 38, reportedly fled the country after officials of Citibank—where he worked as assistant vice president of the Citigold wealth management unit— discovered in 2010 that he had been transferring the money of his clients into his personal account. However, the DOJ panel headed by Senior Assistant State Prosecutor Ma. Emilia Victorio dismissed the complaint of estafa against the younger Ang for lack of evidence. At the same time, it absolved his coaccused Oliver Salud, Sherjack Siao, Joanne Salud, Joanne Karla Uy, Robinso Siao, Steven Uy, Philip Keith Ang, Esther Gobio Ang, Antonio Samson and Belina Cancio of any complicity in the fraudulent transactions. In a ...

From the Philippine Daily Inquirer . THE BANK OFFICIAL reported to have made off with at least P300 million in deposits of mostly Chinese-Filipino clients is said to enjoy the high life. Francis Bryan Ang, who has been relieved of his post as assistant vice president of Citibank’s Citigold wealth management unit, is “addicted to new and shiny things,” according to a schoolmate at Xavier School. “Maybe he got a taste of the high life, liked it, but found he couldn’t afford it. So this is what he did,” said the schoolmate who asked not to be named for security reasons. But Ang’s father, Manila Councilor Bernie Ang, told the Inquirer that his son was being persecuted in an effort to prevent him from exposing purported irregularities in the American banking giant. “There is a concerted effort to destroy him because Bryan was about to expose something he could not take...He was about to reveal those things and told the management about what he found wrong in the system, and they jumped the ...

Here's more news about Francis Bryan Ang who was reported to have stolen millions from Citibank Binondo. MANILA, Philippines - Manila 3rd district Councilor Bernie Ang on Monday defended his son Francis Bryan Ang, former executive of Citibank who was accused of bank fraud, and stressed that “he is not guilty and not in hiding.” In a statement, Ang guaranteed that his son will face all the accusations “unjustly hurled” against him at the proper time and forum. Ang’s statement came in the wake of reports that Francis is “wanted” for having “stolen” millions of pesos from the bank’s rich Chinese-Filipino clients. “How could he be wanted when there is yet to be a preliminary investigation and no arrest warrant has been issued against him?” the councilor said. Ang said that while his son now fears for his life for going against a big, multi-national company, he gave assurance that Francis is ready to talk about what he knows to prove his innocence. Bryan...

More news about Francis Bryan Ang who stole more than P100M from Citibank Binondo. While the news says he stole around P100M. I heard from the grapevine that he stole somewhere between P600M to P1B as in Billion. This guy has been in the bank a long time and is one of the top producer in the bank when he started. How do I know? You don't become VP if you're not a top producer. I'm just surprised that nobody found out about this until now.