Here’s an update to one of the recent high-profile banking scandals in the country. The Department of Justice (DOJ) has found probable cause in the qualified theft case filed by Citibank against its former employee, Francis Bryan Ang, who supposedly ran away with more than P135 million of clients’ funds.
The DOJ has recommended the filing of 87 counts of qualified theft through falsification of commercial documents against Francis Bryan Ang, a former assistant vice president of Citibank’s Citigold Wealth Management Group and Relationship Manager of Citibank Binondo branch.