Banco Filipino depositor found dead; suicide suspected

ABS-CBN News

Posted at Apr 12 2011 10:28 PM | Updated as of Apr 13 2011 06:59 AM

MANILA, Philippines – A man was found dead Tuesday in Las Pinas in what appeared to be a suicide over the closure of the Banco Filipino, police said.

Police found the lifeless body of Carmino Mangubat Jr., 49, inside an abandoned house at the Philam Village, Pamplona 2, Las Piñas City, next to a 9mm pistol.

Police reported a note written in the vernacular which was found beside the body.

“Nasira ang buhay ko dahil sa away ng BSP (Bangko Sentral ng Pilipinas) at BF. Pagod na ako, 'di makakain at 'di makatulog. Paalam at patawad po," the note said.

Mangubat had a savings account at Banco Filipino which was foreclosed by Bangko Sentral ng Pilipinas a few weeks ago, the police said in its report.

Banco Filipino enraged depositors after suddenly being closed last month.

Last April 1, Banco Filipino and BSP subsequently found themselves in a trade of lawsuits.

The BSP has filed criminal raps against Banco Filipino directors and officers for alleged violations of central bank laws and unsound banking practices.

On the other hand, Banco Filipino owners and officers filed raps against BSP governor Amando Tetangco and Monetary Board members for violation of the Anti-Graft and Corrupt Practices.

BSP earlier ordered Banco Filipino's closure and placed it under receivership of the Philippine Deposit Insurance Corp. – Reports from Jenny Reyes, ABS-CBN News and Barry Viloria, abs-cbnNEWS.com