Several ghost employees quit amid the scandal. The BSP, however, refuses to comment on the fate of Monetary Board members allegedly tangled in the 'unprecedented' irregularities.
This is AI generated summarization, which may have errors. For context, always refer to the full article.Jire Carreon/RapplerSeveral ghost employees quit amid the scandal. The BSP, however, refuses to comment on the fate of Monetary Board members allegedly tangled in the 'unprecedented' irregularities.
“The irregularities appear unprecedented in an organization that upholds integrity and professionalism at all levels. The BSP remains committed to upholding that,” the BSP said. In December 2023, the Office of the General Counsel received an initial report of the investigation and instructed the investigating team to conduct a more in-depth probe. By January 2024, the investigating team submitted the final investigation report, where four employees and their two immediate supervisors were identified.
The Monetary Board is responsible for the direction of the BSP, including determining interest rates and stabilizing the peso, which in turn impact the economy.The BSP did not name the Monetary Board members involved, but news outlets like thehave identified Bruce Tolentino and Anita Aquino. They have not publicly addressed the matter.
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