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Saturday, July 22, 2017

Tweet Scoop: Is This Kakai Bautista's Response to the Post of Ahron Villlena?

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Tweet Scoop: Is This Ahron Villena's Message to Kakai Bautista?

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Tweet Scoop: Elmo Magalona Asks for a Stop on Bullying Janella Salvador

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Tweet Scoop: Actor/Director Soxie Topacio Passes Away

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Tweet Scoop: Jake Zyrus Thankful for the Support of Angelina Mead King

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URC Releases Official Statement in Relation to Metrobank's Ongoing Fraud Investigation

Image courtesy of www.business.inquirer.net

We are aware that URC and its account at Metrobank have been mentioned in an apparent internal Metrobank issue involving fraud. Even as Metrobank continues to conduct an internal investigation on the matter, we would like to assure everyone that the integrity and security of URC, and its account at Metrobank, remain unaffected by the said incident. We thank Metrobank President Fabian Dee for giving us the heads up advice and such assurance as we wish them all the best in seeking an expeditious solution to the matter.

P900-M internal fraud rocks Metrobank


Metropolitan Bank and Trust Co. (Metrobank), the country’s second-largest bank, has been hit by internal fraud that a senior official allegedly perpetrated, causing it to lose at least P900 million.

The Inquirer learned that Metrobank, owned and controlled by George Ty, may have lost as much as P2.5 billion after a bank vice president allegedly funneled disbursed loans into fictitious accounts created in the name of a legitimate client, Universal Robina Corp.

The funds in the fake accounts, controlled by the rogue officer, were then siphoned off electronically to other accounts in other financial institutions and into the pockets of the suspect.

An internal investigation has yet to determine whether the officer was acting alone or in league with others.

BSP probe

This prompted Governor Nestor Espenilla Jr. of the Bangko Sentral ng Pilipinas (BSP) to launch a probe to determine how a single official was able to circumvent the bank’s internal controls to commit “qualified theft.”

“We are going to investigate this matter, that you can be sure of,” said the BSP chief, who is three weeks into his six-year term as the country’s chief banking regulator.

The BSP immediately mobilized its examiners and auditors to pore over Metrobank’s records.

A Metrobank official, who spoke on condition of anonymity because the probe was going on, said the preliminary amount of the stolen funds that could be confirmed as of Thursday stood at “around P900 million.”

VP arrested

The suspected rogue official has been identified as Maria Victoria Lopez, a vice president at the corporate services unit of Metrobank’s Makati City head office.

She was arrested on July 17 by the National Bureau of Investigation in a sting operation on the bank’s premises.

Lopez, 54 and one year away from the mandated retirement age, is detained at the NBI headquarters, according to sources.

False loan releases

Metrobank is expected to file charges against her next week.

Another banker, who was familiar with the details of the scam, told the Inquirer that the suspect engineered false loan disbursements from Metrobank to the fake Universal Robina account “in tranches of P30 million.”

“She or they did this over a long period for P30 million disbursements to reach a total of P2.5 billion,” the banker said. “How far back? That’s what they’re trying to figure out right now.”

Metrobank, a publicly listed company, had P1.9 trillion in assets as of the first quarter of 2017. It earned P6.21 billion from January to March.

Metrobank had 959 domestic branches and 202 foreign branches, offices and subsidiaries last year. —WITH A REPORT FROM INQUIRER RESEARCH

Insta Scoop: Sam Milby and Friends Surprise Mari Jasmine for Her Birthday

Repost: Chester Bennington: Linkin Park Vocalist 'Took His Own Life'

Image courtesy of www.bbc.co.uk

Source: www.bbc.co.uk

Linkin Park lead singer Chester Bennington has died aged 41, LA County Coroner says.

The coroner said Bennington apparently hanged himself. His body was found at a private home in the county at 09:00 local time (17:00 GMT) on Thursday.

Bennington was said to be close to Soundgarden vocalist Chris Cornell, who took his own life in May.

Formed in 1996, Linkin Park have sold more than 70 million albums worldwide and won two Grammy Awards.

The band had a string of hits including Faint, In The End and Crawling, and collaborated with the rapper Jay-Z.

Band member Mike Shinoda confirmed the news of Bennington's death
Image courtesy of www.bbc.co.uk

The album Meteora topped the Billboard 200 chart in 2003 and is regarded as one of the biggest indie rock records of all time.

The band had been due to begin a tour next week.

Image courtesy of www.bbc.co.uk

For a generation growing up in the early 2000s, it would have been hard not to find someone who didn't own a copy of the band's debut album Hybrid Theory.

It's sold more than 30 million copies worldwide and remains one of the biggest selling albums released since the start of the millennium.

Linkin Park's successful trick was to fuse elements of metal and rock with rap and hip-hop to shape the nu-metal genre on songs such as Crawling, In The End and Numb.

Arguably their biggest asset was Chester's powerhouse voice. He had a huge, raspy vocal which suited their stadium-filling, singalong anthems.

Whilst his vocal persona could be described as angry and harsh, in person he was warm, articulate and funny.

The band's most recent album, One More Light, saw a different direction as they worked with prolific pop songwriters Julia Michaels and Justin Tranter - and collaborated with UK grime artist Stormzy.

He leaves a wife, and six children from two marriages.

The singer is said to have struggled for years with alcohol and drug abuse, and has talked in the past about contemplating suicide as a result of being a victim of abuse as a child.

Bennington wrote an open letter to Chris Cornell on the latter's death, saying: "You have inspired me in ways you could never have known... I can't imagine a world without you in it."

Cornell would have celebrated his 53rd birthday on Thursday. He hanged himself after a concert in Detroit on 17 May.

Band member Mike Shinoda confirmed the news of Bennington's death on Twitter: "Shocked and heartbroken, but it's true. An official statement will come out as soon as we have one."

Tributes to Bennington flooded in soon after news of his death.

The band Imagine Dragons tweeted: "no words, so heartbroken. RIP Chester Bennington."

Grime artist Stormzy, who collaborated with Linkin Park earlier this year, tweeted: "Bruv I can't lie I'm so upset serious."

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