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BSP imposes maximum penalties over ‘ghost employees’ scheme

hpciueff September 2, 2025
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BSP cuts rate to 5%, hits ‘sweet spot’ 

Bangko Sentral ng Pilipinas. (File photo / Philippine Daily Inquirer)

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) has imposed the maximum penalties on two supervisors implicated in the “ghost employees” scandal that hit the central bank last year.

The supervisors, accused of falsifying attendance records for four BSP staffers, were dismissed from service, with their retirement benefits forfeited.

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READ: BSP unfazed by likely exit of two MB members

They also lost their civil service eligibility, were permanently disqualified from holding public office, and likewise barred from taking future civil service exams.

Meanwhile, two former Monetary Board members to whom the staffers reported resigned in June 2024, submitting their letters to the Office of the President.

“As presidential appointees, the OP has jurisdiction over the former MB members,” the BSP said.



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