AMA Rural Bank of Mandaluyong (ARB) has filed a criminal complaint with the Office of the Ombudsman against the Department of Education (DepEd) and some officials, alleging the unlawful withholding of over ₱1.6 billion in loan repayments collected from public school teachers. These loans were previously extended by ARB as a DepEd-accredited lending institution. Named as respondents in the ARB complaint were Usec. for Finance Annalyn M. Sevilla, Asec. for Finance Edson Byron K. Sy, Usec. for Legal and Legislative Affairs Filemon Ray L. Javier, and Chief Administrative Officer Cholita F. Tiong. ARB claims that after a lengthy accounts reconciliation process, DepEd acknowledged collecting at least ₱1.015 billion by the end of 2024, with another ₱676 million still being reviewed. However, DepEd has not remitted the money to ARB, citing pending legal issues tied to ARB’s unlawful closure by the Bangko Sentral ng Pilipinas (BSP) in November 2019. ARB argues that these cases have already...
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