Mahirap maghabol! Depositors of bankrupt AMA Bank seek SC’s help to get money back

Clients of the shuttered AMA Bank have involved both the executive and judicial branches of government in their years-long quest to retrieve their money.

The rural bank owned by businessman Amable Aguiluz V, who also owns the AMA schools, was ordered closed by the Bangko Sentral ng Pilipinas (BSP) in November 2019.

However, a legal fight ensued between AMA Bank, the central bank and its liquidator, the Philippine Deposit Insurance Corp. (PDIC), which got in the way of returning the money to depositors.

Facebook user Cynthia Guimera shared that she visited the Supreme Court on Friday, March 24, to seek help regarding the plight of AMA Bank clients whose balances remain unreturned three years later.

Guimera shared that she dropped off her ongoing petition to Court Administrator Raul Villanueva. She said Malacañang’s Presidential Action Center referred their case to the high court.

“We should wait another 15 days for them to review our case that they did with Sir Nito Chua and the rest of other depositors who went to Malacanang,” she wrote.

A woman named Gina Rabena previously wrote an appeal letter addressed to President Ferdinand Marcos Jr., which is the subject of the most recent SC referral. The Facebook user said this is not the first request of its kind forwarded to the high court.