LBC Express says BSP charges are ‘untrue’

LBC Express Inc., the air cargo forwarder, courier and money remittance affiliate of LBC Development Bank, urged the monetary authorities on Thursday to refrain from making any more statements relating to the closure of the thrift bank just seven days earlier, citing undue negative effects on the business they have pursued since the 1950s.

From its general aviation compound offices along Domestic Road in Pasay City, LBC Express General Counsel Luis Manuel Ermitaño wrote a letter
dated September 15 to Bangko Sentral ng Pilipinas Deputy Governor Nestro A. Espenilla Jr., citing him for allegedly making accusatory statements that were erroneous and untrue. (Source: Business Mirror)

Updated: 10/06/2011 — 03:56:24