Andrew Pano. Photo from Eastern Police District
MANILA, Philippines – A former bank manager was arrested Thursday for allegedly embezzling P2.1 million worth of insurance placements from a Japanese national.
Andrew Pano, 45, was arrested at his residence in Cainta, Rizal by operatives from the Eastern Police District (EPD) Mobile Force Battalion Intelligence Operatives.
A report from the EPD said Pano was served an arrest warrant issued by Judge Rowena De Juan-Quinagoran of the Pasig City Regional Trial Court Branch 166 on November 15, 2016.
Police said the embezzlement happened in mid-2012 until early 2013 when Pano was still working as a branch manager of a bank in Pasig City.
Pano allegedly took the P2.1 million invested by the Japanese national.
Pano was brought to the Pasig City police station for proper disposition prior to the return of the said warrant. /gsg