Alberto Ching News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MANILA - The Land Bank of the Philippines (Land Bank) has assured the public it will not tolerate fraudulent practices, as it launched an investigation on the alleged illegal profiteering of some bank insiders who act as "go-betweens" or "agents" in loan applications. The government-owned bank made the statement in response to House Resolution 2543 filed by ACT CIS party-list Rep. Rowena Nina Taduran seeking a congressional inquiry into the loan scheme where these agents promise the fast approval of a loan in exchange for a cut of 10 percent in the loan proceeds. "The ...

Anti-Crime and Terrorism through Community Involvement and Support (ACT-CIS) party-list Representative Rowena Niña Taduran has urged Congress to investigate an alleged loan scheme involving several employees of state-owned Land Bank of the Philippines. The bank, however, said it will not tolerate any fraud.

STATE-OWNED Land Bank of the Philippines reported that it has disbursed a total of P133.61 billion to more than 7 million beneficiaries of the government’s Conditional Cash Transfer (CCT) and Unconditional Cash Transfer (UCT) programs in 2021. According to a statement released by the bank on Monday, P123.74 billion of…

ACT CIS party-list Rep. Rowena Nina Taduran. (File photo) MANILA -- A party-list lawmaker is seeking a congressional inquiry into the alleged illegal profiteering of some insiders of the Land Bank of the Philippines (LBP) who act as "go-betweens" or "agents" in loan applications. ACT CIS party-list Rep. Rowena Nina Taduran filed on March 30 House Resolution No. 2543, to conduct an investigation, in aid of legislation, into this scheme where these agents promise the fast-approval of a loan in exchange for a cut of 10 percent in the loan proceeds. Taduran said it is urgent fo...