Inability to Stop Over Withdrawals of Company Fund under one’s watch is Gross and Habitual Neglect of Duty
Balagtas Credit Cooperative and Community Development, Inc. (BCCCDI) initially hired Emma H. Quiro-quiro (Quiro-quiro) as accountant/bookkeeper in 1989. However, sometime in April 2010, BCCCDI terminated the employment of Quiro-quiro, who was then holding the concurrent posts of General Manager and Accountant, on the grounds of “gross negligence/violation of company rules” and “gross dishonesty.” The charges involve over withdrawal of Time Deposit (TD), Loss of borrower’s title, over computation of interest on TD placements, Unfair filing of delinquent accounts, Concealment of the [...]
