5 RCBC officials charged over $81-M theft from Bangladesh Bank 0 SHARES Share it! Share TweetBy Jeffrey DamicogThe Department of Justice (DOJ) has filed charges against five officials of the Rizal Commercial Banking Corporation (RCBC) over their alleged involvement in the theft of $81 million from the Bangladesh Bank in 2016. The DOJ filed the case last Monday before the Makati Regional Trial Court (RTC) after issuing a resolution finding probable cause to indict the five bank officials for violating Section 4(f) of Republic Act 9160, the Anti-Money Laundering Act of 2001. “The resolution found the five officers of the RCBC Retail Banking Group remiss in their duties and thereby facilitated the offense of money laundering,” DOJ Spokesman Undersecretary Mark Perete said. “These acts were found to have been made even after notice of the irregularity in the transaction from the Bangladesh Bank,” he noted.

Source: Manila Bulletin May 22, 2019 08:37 UTC