BSP to widen probe on BDO ‘Mark Nagoyo’ scam

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MANILA – The Bangko Sentral ng Pilipinas may expand the scope of its investigations on the BDO-linked string of unauthorized withdrawals after finding out other financial firms could have been involved, an official said Wednesday.

Several BDO clients over the weekend complained of lost funds that were taken out of their accounts without their knowledge.

The BSP earlier formed an inter-agency task force to lead the probe. 

Initial investigations show funds were transferred not just to Unionbank, BSP Director Melchor Plabasan, who is also part of the BSP Task Force, told ABS-CBN News.

“We may expand the scope of this investigation to check the extent of where the money went. We have surveillance showing that institutions other than Unionbank were involved or used to funnel away the stolen money.”

ABS-CBN was able to obtain first-hand testimonies that their money was transferred to other financial institutions aside from Unionbank.

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