Must Read: A UnionBank employee arrested after reportedly stealing P17M Cash - Our Daily Revelations PH

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Must Read: A UnionBank employee arrested after reportedly stealing P17M Cash

Photo credit to owner
UnionBank of the Philippines on Sunday said they are  conducting a "strict" internal probe into a supposed theft of P17 million from the bank by one of its employees.


The statement comes a day after police operatives arrested Mariebel Osorio, a cash unit head at UnionBank's Ortigas branch who has been accused of stealing P17 million from the bank. She is now facing qualified theft charges.

According to initial reports, UnionBank Cash Services Group head Vincent Paul Castillo found that Osorio made an unauthorized cash transfer of P17,029,000 from the Ortigas Cash Center to the Caloocan Cash Center on Friday afternoon.

"To slow the situation, the Bank has already handed the case to the proper authorities for a more thorough investigation.

Along with this, the bank is also conducting a comprehensive internal probe to know the extent of the issue," it said in an emailed statement.

"UnionBank, during its routine checking, found out about a possible fraud incident involving one of its employees," it said Sunday.

"Importantly, this incident is not involved in any way with cyber security or cyber crime," it added.

Lately, BDO and BPI have announced a system glitch in their accounts. A different kind of story came out with Unionbank that an employee maliciously took a huge number of money from the bank. 

The question is, what is the reason behind this issue of stealing from the bank? Does it mean this kind of incident can also happen to other well known banks as well?

Please SHARE us your thoughts on this. 








Credits: News/ GMA 

http://www.gmanetwork.com/news/money/companies/616611/unionbank-conducting-rigorous-probe-into-reported-p17m-theft/story/


Must Read: A UnionBank employee arrested after reportedly stealing P17M Cash Reviewed by Unknown on July 02, 2017 Rating: 5 Photo credit to owner UnionBank of the Philippines on Sunday said they are  conducting a "strict" internal probe into a suppos...

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