It is more fun criticizing
Rizal Philippines
March 19, 2016
Maia Santos Deguito, the ertswhile manager of RCBC Jupiter went into an executive session with the Senate committee investigating the money laundering of Bangladesh CB heist. She has been charged all ready in violation of the money laundering case; the President Mr. Nestor Tan went into leave because of the fiasco.
Earlier, Ms. Deguito was explained by the HR of RCBC was asked to explain the circumstances behind the money laundering case and putting RCBC at risk.
All ready several points are adverse to Deguito:
1. That the Jupiter CCTV was not working at the time of withdrawal;
2. That loading of the 20 million pesos into the car: Angela Torres a customer relations staff, alleged right hand of Deguito, claimed it was loaded into the car of William Go. A bank exec, Romuado Agarrado said it was loaded into the car of Deguito
3. That she proceeded to have the withdrawals made, despite a stop payment order issued earlier during the day (9 am, the withdrawal was made until 11 of the same day)
4. That she said that she would allow the withdrawal to be made rather than have her family members harmed. She denied having said this at the Senate inquiry
She said/defense of Deguito:
1. That Nestor Tan the President invited her to join RCBC from East West Bank (insinuating that Mr. Tan knew about the transaction and/or that Tan has blessing knowledge of the transaction) Tan denies knowing her personally being 5 layers below his office;
2. That the transaction that big had clearance from her superior and or from the department in charge of remittances and that there were other bank execs involved in the money laundering; that the transaction had the valid documents, alleged to be payments of fees and loan proceeds to the beneficiary accoutn
3. That Mr. William Go who alleges that his account was opened without his consent (and whose signatures were alleged to have been forged) texted her about the documents about transfer of funds
One can only conclude that this was a well planned heist; from the hacking, remittance to RCBC through previously opened account a year ahead (which was dormant until the date of the remittance) through a money remittance company of Go, the consolidation of funds at Gos account, and the speed at which the money was withdrawn despite the stop payment order.
You have to judge on the weight and preponderence fo the evidence who is guilty or who is telling the truth/lie.
The bottom line is that RCBC would have to prove its lack of complicity, and that this is the work of Deguito alone and the syndicate, otherwise or even if Deguito did this on her own, would have pay the $81 milion to Bangladesh CB, for having allowed the withdrawal despite the stop payment order
