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Bangladesh seeks to expedite cases against 6 other RCBC officials

A security guard stands guard outside a branch of Rizal Commercial Banking Corporation (RCBC) in Paranaque city, Metro Manila, Philippines August 2, 2016. REUTERS/Erik De Castro/File Photo

The Bangladesh government urged the Philippines’ Department of Justice to expedite the case against six other officials of the Rizal Commercial Banking Corporation (RCBC).

The case stemmed from the $81 million stolen by unidentified hackers from the account of the Bangladesh Bank at the Federal Reserve Bank in New York, United States of America on February 2016.

We hope that this case could be expedited and could go to trial soon for a decision,” Bangladesh Ambassador to the Philippines Asad Alam Siam said in a statement.

On Thursday, Jan. 10, The Makati Regional Trial Court Branch 149 sentenced Maia Santos Deguito, the former branch manager of the RCBC bank where a portion of the stolen money was deposited, to four to seven years of imprisonment for each of the 8 counts of money laundering filed against her.

Judge Cesar Untalan also ordered Deguito to pay $109 million in penalties.


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