UCPB concerned on PH Coast Guard’s detention of CDO employees transporting cash @InquirerBiz

UCPB STATEMENT ON THE INCIDENT INVOLVING ITS EMPLOYEES IN CAGAYAN DE ORO CITY 

UCPB is concerned about the prolonged detention and possible filing of charges by the Philippine Coast Guard (PCG) in Cagayan de Oro City against four of its personnel, but acknowledges they are being treated well.

 

The Bank personnel, composed of two branch employees and escorted by two non-uniformed security personnel, were in transit to Cebu on Sunday, June 25, 2017 to transfer cash from UCPB Velez Branch to its Cebu Cash Center. The group was provided adequate security, having been transported by an armored vehicle to the Macabalan port while another armored vehicle was scheduled to pick them up at the Cebu port.

 

The PCG detained them pending its investigation into the source and the purpose of the cash transfer.

 

The Bank has clarified with port authorities that the cash transfer is a normal bank procedure which does not require prior approval of the Bangko Sentral ng Pilipinas. The Bank has already provided PCG the pertinent documents to justify the possession and the transfer of the cash.

 

The Bank trusts that this misunderstanding will be resolved and its personnel be released at the soonest possible time.

#

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s