Metrobank has denied any wrongdoing in its transactions with oil importer Zhenron Corp. a former corporate client, which had accused the bank of unsound practices that caused the company to lose over P60 million. Metrobank said the complaint Zhenron filed had no basis in fact or law. The bank was reacting to an earlier report in the Inquirer on a complaint lodged by Zhenron, which filed administrative charges against Metrobank with the Bangko Sentral ng Pilipinas (BSP) and a criminal complaint in the Manila Prosecutor’s Office.
Source: http://business.inquirer.net/15635/metrobank-denies-wrongdoing
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