Bangladesh Asks PH to Expedite Case Vs. 6 Other RCBC Officials

After the conviction of Rizal Commercial Banking Corporation (RCBC) bank manager Maia Deguito in relation to the USD81-million bank heist, the Bangladesh Embassy in Manila urged the Philippine government to expedite the case against other RCBC officials involved.

In a statement sent to the Philippine News Agency (PNA), Bangladesh Ambassador Asad Alam Siam said the Department of Justice is handling another case against six other RCBC executives involved in the stolen funds of Bangladesh Bank.

“We hope that this case could be expedited and could go to trial soon for a decision,” he said.

Saying it is still “premature” to comment, the envoy declined to issue further reaction to the latest development on the case.

Makati Regional Trial Court (RTC) Branch 149 on Thursday found Deguito guilty for money laundering and was sentenced to four to seven years of prison each for eight counts of money laundering.

Deguito is the former branch manager of RCBC Jupiter, Makati where part of the stolen money was transferred and deposited to four US dollar accounts, under the names of Michael F. Cruz, Jessie Christopher M. Lagrosas, Alfred S. Vergara, and Enrico T. Vasquez. (PNA)