Corporate layers ‘hide’ Delos Angeles hands

THE Bangko Sentral ng Pilipinas has yet to gather enough evidence against Legacy Group owner Celso delos Angeles because of the layers of corporations between him and the failed banks under the group.

BSP deputy governor Nestor Espenilla told the House committee on banks and financial intermediaries that the BSP and the Philippine Deposit Insurance Corp. (PDIC) are still sifting through the records of 13 banks which were closed in December.

Read Full Story

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>