Court convicts fictitious loan borrower of closed rural bank

Business.(Business File photo)

THE Municipal Circuit Trial Court of Alfonso-General Aguinaldo, Cavite convicted Angelina Vidallon Romasanta for violating the Revised Penal Code in relation to a fictitious loan with the closed Community Bank (Rural Bank of Alfonso Inc.) (CBRBAI).

The criminal case arose from the investigation on CBRBAI and conducted by the Bangko Sentral ng Pilipinas (BSP), which discovered that Romasanta forged the handwriting and signature of her deceased mother, Magdalena P. Vidallon, to fraudulently obtain a loan from CBRBAI.

Romasanta was found guilty beyond reasonable doubt for Falsification of Commercial Document and was sentenced to suffer imprisonment for a minimum period of six months to a maximum of four years and two months; and to pay a fine with subsidiary imprisonment in case of insolvency.

Meanwhile, the criminal case for violation of the General Banking Law previously filed by the BSP against Romasanta in relation to the same fictitious loan is still pending before the Regional Trial Court of Tagaytay City. / PR


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