Senate investigates alleged laundering of 100 million US dollars

Senate investigates alleged laundering of 100 million US dollars
EPA MARK R. CRISTINO - PHILIPPINES/Pasay City  5/4/2016 10:01


epa05244294 Former Rizal Commercial Banking Corporation (RCBC) Branch Manager Maia Santos Deguito gestures during a money laundering hearing at the Senate building in Pasay City, south of Manila, Philippines, 05 April 2016. According to media reports, the Philippine Senate is conducting an inquiry into the alleged laundering of 100 million US dollar that was hacked from the US account of the Bangladesh Bank, the central bank of Bangladesh. Eighty-one of the 100 million US dollar in stolen money was tracked to multiple accounts at the Rizal Commercial Banking Corporation (RCBC). According to media reports, Santos Deguito is accused of laundering a portion of the money that went missing from Bangladesh Bank, later to be deposited into accounts at the RCBC. EPA/MARK R. CRISTINO

(EPA)

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