Now you see it, now you don’t

  • Written by Hector Lawas
  • Published in Top Stories
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Featured Now you see it, now you don’t

A RETIRED employee of a multi-national pharmaceutical firm has filed a complaint against Bank of the Philippine Islands (BPI) over the alleged disappearance of his retirement money deposited with the bank.

Joe Marie Sy filed the complaint before the Department of Justice and the Bangko Sentral ng Pilipinas (BSP) against BPI officials and employees.

Sy said that during his employment at Roche, his salaries, bonuses and allowances were deposited by his employer through a payroll bank account at BPI-Bacolod and later at Pasong Tamo branch.

He also opened four additional bank accounts with BPI-Pasong Tamo branch and was qualified as a Gold Card member.

In addition to the Gold Cards, Sy said BPI also gave him another special card called “Privileges” with card number 2010-0202-4054.  The Gold Card gave him perks and benefits not given to ordinary account holders.
However, right after his retirement in December 2008, Sy noticed that the checks he had issued together with the bank statements of his accounts were not being returned to or furnished to him.
He requested BPI for his bank statements and the checks that he issued but his call fell on deaf ears. After that, he noticed that the funds in his automated teller machine (ATM) account were mysteriously dissipating and his checks were bouncing.
On January 2013, Sy attempted to withdraw P10,000 from his BPI account through an ATM machine in Iloilo City but was shocked when he discovered that he had just P105 left in his account out of the millions which he was supposed to have under his name.
When the Bangko Sentral ng Pilipinas ordered BPI to furnish the complainant copies of his bank statements and deliver his used checks, he discovered that the bank furnished him with scanned or machine copies.
The complainant also had the checks examined by the National Bureau of Investigation (NBI), which later determined that they were forged because “they were not written by one and the same person”.
Sy asked the BSP to file the formal charges against BPI and the officers named in the complaint to the Supervised Banks Complaints Evaluation Group (SBCEG).