Bank Fraud Charges Against Former President of Rural Bank of Subangdaku Inc.

Another case of bank fraud surfaced this time in Phillipines. The Bangko Sentral ng Pilipinas has filed criminal charges against Radaza, the ex president of the mentioned bank, for allegedly taking part in creating fictitious loans amounting to P2.6 billion when she was the president of the defunct Rural Bank of Subangdaku Inc.

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