MANILA, Philippines - A former executive of the shuttered Legacy bank was nabbed in Bohol.
Alexis Petralba, one of the officials of Legacy, was arraigned at the Regional Trial Court Branch 25 Danao City, Cebu for syndicated estafa charge filed by the Philippine Deposit Insurance Corporation (PDIC). PDIC is the receiver of the closed Rural Bank of Carmen, Inc., one of the Legacy-affiliated banks.
Petralba, along with Legacy owner Celso delos Angeles, Darwin U. Galan, Roy Hilario, Fernando Rafanan, Jr. and Reynaldo Manit, were accused of conspiring to misappropriate and convert P16.9 million in funds of RB Carmen for their personal use through fraudulent means.
Petralba was also arraigned at RTC Danao in another estafa case jointly filed by the PDIC and Bangko Sentral ng Pilipinas in connection with simulated loans created to siphon off funds, also from RB Carmen.
Petralba was arrested last month in Tagbilaran City, Bohol through a warrant of arrest issued in connection with a separate case filed by the BSP.
He will also be arraigned in RTC Bacolod in connection with another estafa case filed by the PDIC involving another Legacy-affiliated bank, Nation Bank,.
Petralba, delos Angeles and other officers of Legacy banks are facing a string of law suits filed by the PDIC with the Department of Justice, for the collapse of 13 Legacy-member rural banks.
The BSP has accused De los Angeles of masterminding a “swindling syndicate” that employed exorbitant investment schemes to amass depositors’ money and then later siphoned the funds to corporations he controlled. All the banks had an estimated total deposit liability of P24 billion when they collapsed.