DBP employees file plunder rap vs top execs | ABS-CBN News
MANILA - A group of Development Bank of the Philippines employees has filed a plunder complaint against the bank's top executives over the allegedly anomalous purchase of P292.9 million Integrated Core Banking Solution software in 2015.
DBP employees file plunder complaint vs top execs - RAPPLER
(UPDATED) MANILA, Philippines – A group of career officials of the Development Bank of the Philippines filed a plunder complaint against top executives of the government bank on Friday, March...
DBP officials file plunder charges vs. president, execs over
In a complaint filed before the Office of the Ombudsman on Wednesday, DBP Vice President for Program Evaluation Mario P. Pagaragan Jr. and Association of the DBP Career Officials (ADCO) president Francis Romulo Badilla Jr. accused DBP President Gil Buenaventura and eight bank directors, including the chairman of the board, of committing plunder.
DBP execs sued for plunder over P292-M ‘midnight deal’
Top officials of Development Bank of the Philippines (DBP) have been sued for plunder before the Ombudsman for entering into an allegedly anomalous “midnight deal” for a banking solution
Plunder raps filed vs. DBP president, 4 other officials
A plunder complaint was filed against five high-ranking officials of the Development Bank of the Philippines (DBP) including its president over the alleged anomalous bidding for the P292.9-million core banking project. advertisement
- Why are DBP employees facing a plunder complaint?
- OFFICIALS of the Development Bank of the Philippines (DBP) are facing a plunder complaint before the Office of the Ombudsman over their excessive bonuses amounting to P312 million in 2014.
- Why did the DBP complain about excess bonuses?
- Badilla said. Badilla said the complaint is for plunder because the respondents received for personal benefit an aggregate amount of bonuses above the P50-million threshold. Badilla said the grant of excess bonuses has been going on in the DBP for three years already, but their complaint only included the additional incentive for the year 2014.
- Did DBP employees receive performance-based bonuses?
- According to the complaint filed by DBP vice president Mario Pagaragan Jr. and Atty. Francis Romulo Badilla, Jr., the following officials were given performance-based bonuses in excess of the amount allowed by law: -Chairman of the DBP Board of Directors, Jose Nuñez Jr., -DBP President and CEO Gil Buenaventura -Director Reynaldo Geronimo,
- Did DBP and GCG conspire to defraud the Philippines?
- “Said officials, allegedly in connivance with other Top Officials of DBP and Officials of the GCG, illegally conspired to defraud the Filipino People and the Philippine Government by disposing of money owned by the Philippine Government in the total amount of P312.077 million,” the complainants said in a statement.
- Why are high-ranking DBP officials facing graft and administrative charges?
- High-ranking officials of the Development Bank of the Philippines (DBP) are facing graft and administrative charges before the Office of the Ombudsman for selling P14.3 billion government securities to a private company, albeit supposedly under illegal terms, resulting in losses totaling P717.07 million against the government.
- Why are DBP employees 'disgruntled'?
- In a statement, the DBP Board and management called the complainants “disgruntled” employees because they were not given fat bonuses. The DBP said the bonuses were granted for 2,201 eligible employees because of DBP’s 2014 financial performance of P4.6 billion in profit, P2.5 billion were remitted to the national treasury as dividends.
