Veterans Bank ex-supervisor held for P29-M theft

AFTER almost a year in hiding, a former supervisor of the Philippine Veterans Bank was arrested by the police on charges that he stole P29 million from the company in connivance with fellow employees.

The Philippine National Police said Arthur Gadon was arrested in Barangay Esperanza Ibaba, Alfonso, Cavite province, Wednesday morning based on two arrest warrants for qualified theft issued by a Manila court.

Supt. Arthur Bisnar, chief of the PNP-Criminal Investigation and Detection Group in the Calabarzon region, said Gadon was accused of conspiring with two bank tellers and a loan bookkeeper to steal P29 million from PVB.

Following the discovery of the alleged theft, Gadon was terminated as bank cashier supervisor of the PVB in Legaspi Village, Makati City, in December 2014, Bisnar said.

When the case reached the courts, Gadon went into hiding, moving from one place to another in Metro Manila and Alfonso, Cavite, the police official said in a PNP statement on Friday.

Gadon was the subject of two arrest warrants issued by Judge Mona Lisa Tiongson-Tabora of Manila Regional Trial Court Branch 21, who recommended no bail for the suspect.

The suspect remained in detention Friday at the CIDG office in Cavite, pending his presentation to the Manila court. Jaymee T. Gamil