OVP's P500-M cash withdrawal 'unusual' - ex-LandBank manager
Politics

OVP's P500-M cash withdrawal 'unusual' - ex-LandBank manager

A former LandBank manager testified during an impeachment trial that the Office of the Vice President's P500-million cash withdrawal was 'unusual' due to its magnitude and method. The transaction far exceeded banking norms, as government agencies typically use checks or online transfers.

This article requires PRO

This article is outside the free access window or is a special report. PRO unlocks it and the full archive.

  • VP Cash Withdrawals 'Unusual,' Bank Managers Tell Impeachment Court

    Former bank managers described hundreds of millions of pesos in cash withdrawals by the Office of the Vice-President (OVP) and the Department of Education (DepEd) as "unusual" during an impeachment trial, despite transactions complying with banking procedures. The large cash transactions, deviating from typical disbursement methods, are now a focal point.

  • OVP's huge cash withdrawals 'unusual,' ex-bank manager testifies

    A former state-run bank manager testified during an impeachment trial that the Office of the Vice President's (OVP) withdrawal of P500 million in cash through four separate checks was "unusual." The bank did not inquire further about the purpose of the withdrawals.