He returned $15 million to the authorities in portions. The Federal Reserve Bank is upset on how a huge chunk of the money came through RCBC,” said Gomes. The scandal resulted in the resignation of RCBC president, CEO Lorenzo Tan, and bank treasurer Raul Tan. Ambassador John Gomes was confident that the money would be back in Bangladesh in a month, as he appealed to the new Philippines president, Rodrigo Duterte, to expedite the recovery. Wong, a Chinese-born Filipino businessman, during his first deposition before the Senate Blue Ribbon Committee blamed two Chinese businessmen for bringing in the stolen $81 million into Philippines.

Source: bd News24 July 22, 2016 07:52 UTC