Court finds ex-RCBC branch manager guilty over Bangladesh bank heist - News Summed Up

Court finds ex-RCBC branch manager guilty over Bangladesh bank heist


— A Makati court has found former Rizal Commerical Banking Corp. branch manager Maia Santos Deguito guilty of money laundering over the $81-million Bangladesh bank heist. Makati Regional Trial court Branch 149 Presiding Judge Cesar Untalan found Maia Santos-Deguito guilty beyond reasonable doubt of violating the Anti-Money Laundering Act. The court sentenced Deguito to four to seven years in prison and fined her of $109 million for the eight counts of AMLA violations she was facing. Deguito served as the branch manager of RCBC Jupiter Street, Makati City branch. Lawyer: No finesThe lawyer also said that the fines are not going to be imposed to Deguito.


Source: Philippine Star January 10, 2019 02:10 UTC



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