One Union Bank of the Philippine’s bank officer has been taken into police custody after allegedly stealing a part of the bank’s fund not more than P17 million in cold cash.
The suspect was identified as Mariebel Osorio, a 41-year-old cash unit head from the said bank’s branch in Ortigas, Pasig City.
Osorio’s unlawful act was discovered after she made an unauthorized cash transfer of P17,029,000 from Union Bank Ortigas Cash Center to Caloocan Cash Center last Friday, police said that the suspect stole money in order to cover up her previous theft.
Union Bank’s Cash Service Group Head Vincent Paul Castillo immediately notified the police when they recognized some inconsistencies in Osorio’s cash report.
According to Pasig City Police Station chief Sr. Supt. Orlando, Yebra, the bank’s internal auditor discovered the suspect’s fraud, “Nagkwenta ’yung mga auditors, may mga discrepancies sa kanyang cash report. May report ng cash transfer pero figure lang wala mismo ’yung cash.”
Since then, the bank has been observing Osorio’s move because she also has an unrestricted access to the bank’s fund. They also found out that the suspect has been stealing bank funds for the past 8 years.
Osorio is now detained at the Pasig City Police Station and will be facing a charge of qualified theft.
As per Bangko Sentral ng Pilipinas, Union Bank of the Philippines is one or the country’s largest bank with a total of P524 billion assets.
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