Lookout order vs LBC Bank prexy, 5 borrowers issued over P229.5-M complaint
More News from Tetch Torres-Tupas
More News from INQUIRER.net
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.”
Get Inquirer updates while on the go, add us on these apps:
Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of INQUIRER.net. We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.
To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.
Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:
c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94