Manila, Sept. 2 -- The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) approved the imposition of maximum penalties in the administrative cases against two supervisors allegedly involved in falsifying attendance records of four BSP staffers dismissed in 2024.

In a statement Tuesday, the BSP said the decision approved on Aug. 20 includes the formal dismissal from service and disqualification from holding public office.

"While they have been previously separated from service, the formal dismissal includes forfeiture of retirement benefits, cancellation of civil service eligibility, perpetual disqualification from holding public office and a bar from taking civil service exams," the central bank said.

The BSP said the MB's de...