BORLONGAN AND BEJASA

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                    [ArticleID] => 89114
                    [Title] => DOJ: Economic sabotage raps vs UBI execs
                    [Summary] => The Department of Justice (DOJ) has recommended the filing of economic sabotage charges against 10 former officials of failed Urban Bank Inc. (UBI) for allegedly conspiring to misappropriate P2.8 billion in depositors’ money.


State prosecutors had initially recommended no bail for the respondents. The recommendation was later modified by Chief State Prosecutor Jovencito Zuño, allowing the UBI officials to post bail.


Charges are set to be filed today at the Makati regional trial court.


                    [DatePublished] => 2000-12-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096652
                    [AuthorName] =>  Delon Porcalla
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
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DOJ: Economic sabotage raps vs UBI execs

By Delon Porcalla | December 19, 2000 - 12:00am

The Department of Justice (DOJ) has recommended the filing of economic sabotage charges against 10 former officials of failed Urban Bank Inc. (UBI) for allegedly conspiring to misappropriate P2.8 billion in depositors’...

Headlines