Lopez, 54, was one of the bank’s 402 vice presidents. Metrobank, as of April 27, 2017, had three senior executive vice presidents; nine executive vice presidents; 28 senior vice presidents; 59 first vice presidents; 109 vice presidents (Lopez’s rank); and 194 assistant vice presidents. By forging signatures and breaching bank protocols, she was able to establish two bogus corporate loan accounts worth P950 million and P850 million. Metrobank staff became suspicious of the signatures on the application for the manager’s check, and of the curious request for the check to be made payable to a person. When the staff tried to verify the application with URC, the consumer food and beverage giant denied ordering the manager’s check.

Source: Manila Times July 23, 2017 17:15 UTC