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Lookout order vs LBC Bank prexy, 5 borrowers issued over P229.5-M complaint

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09:44 AM March 18th, 2013

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March 18th, 2013 09:44 AM

MANILA, Philippines—The Bureau of Immigration has issued a lookout order against the president and five borrowers of the closed LBC Development Bank in connection with the P229.5 million syndicated estafa complaint filed by the Philippine Deposit Insurance Corporation (PDIC) before the Department of Justice (DoJ).

Immigration Spokesperson and Intelligence Officer Ma. Antonette Mangrobang confirmed that the order was issued against bank President Ma. Eliza G. Berenguer and borrowers Benito Ramon V. Araneta, Ma. Lourdes Senn, Ernesto G. Barrios, Charito S. Zambales and Francisco A. Climent.

A lookout order was issued to monitor the movements of respondents who are subject of a complaint with the DoJ.

The lookout order was issued following an urgent memorandum order issued by Justice Secretary Leila de Lima to Immigration Commissioner Ricardo David Jr. informing him of the complaint against the six.

De Lima issued the order saying it is necessary “due to the possibility that they may leave the country.”

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