File Photo: Maia Santos Deguito, branch manager of the Rizal Commercial Banking Corp (RCBC) answers questions during a money laundering hearing at Senate in Manila April 5, 2016. The regional court sentenced Maia Deguito, a former branch manager at Manila-based Rizal Commercial Banking Corp (RCBC), to a jail term ranging from 32 to 56 years, with each count carrying four to seven years. Deguito facilitated and coordinated and corroborated in the execution and implementation of the illegal bank transactions, the court added. A former treasurer of RCBC and five other workers at the branch where the cash was withdrawn face money laundering charges. Just $15 million of the stolen money has been recovered from a Manila junket operator, a role that involves marketing casinos to VIPs.

Source: Dhaka Tribune January 10, 2019 03:45 UTC