The Real Story Behind BPI Internal System Glitch Exposed

On 06 June, 2017 the Philippine Star reported and we quote, “Members of the of the 7th Marine Battalion recovered P52 million in cash, P27 million worth of checks and firearms in a house in Marawi City following its clearing operations against the Maute terror group. The money was found Friday, 05 June 2017 in a house in Saduc area in Marawi City, where members of the Maute group showed force early on. The Armed Forces of the Philippines said that the amount of recovered money and firearms indicate that the ISIS-inspired group is well-equipped and well-funded.”


Two days after the recovery of the said sum of money, 07 June 2017, BPI released an official statement announcing the Internal System Error and we quote, “We have identified an internal system error that caused some transactions occurring between April 27 and May 2 to be double-posted as of June 6,” declared the official statement of the bank issued on Wednesday, June 7.

On the bank’s official website, a series of advisories were posted announcing the deactivation of electronic channels and on 07 June 2017 we quote, “Our electronic channels will remain temporarily closed to speed up resolution, but we continue to anticipate complete resolution within today.” And also on 08 June 2017 we quote, “To allow us to do the necessary adjustments, we will need to de-activate our electronic channels today.”

And on 07 June 2017 also BPI posted and we quote, “Further to our announcement this morning, we have identified an internal system error that caused some transactions occurring between April 27 and May 2 to be double-posted as of June 6.” They identified the error but it took them days to resolve the problem?

The conspiracy link. 

On 29 April 2016, on ABS-CBS Halalan 2016 website and we quote, “Citing bank transaction records from several sources, Trillanes said that millions of pesos were funneled into the 17 accounts of the Davao city mayor (Duterte) in three banks, from 2006 to 2015.” And so we thought, Trillanes must have someone from BPI that allowed him to get access to these accounts.

Our hypothesis.

With the millions in cash and checks recovered from the Maute Group, which according to AFP a well-equipped and well-funded ISIS-inspired group, tantamounts to the destabilization efforts of the group who are against the President? We really thought an investigation of BPI Internal System Error is required.

On 09 June 2017, the reported and we quote, “Three party-list lawmakers filed a resolution seeking a House of Representatives inquiry in aid of legislation on the Bank of the Philippine Islands (BPI) technical glitch that caused some bank accounts holders to see their savings increase or reduced, an incident that was ruled out as an internal systems error.”

Is the money recovered from Maute encashed and came from BPI thru the efforts of Duterte destabilizers prompting BPI to announced a glitch to correct and cover the issue? What do you think? You be the judge. Hit Like and don’t forget to Share.

Photo credit to Philippine Star.