LIVESTREAM: Senate hearing on $81-M money laundering scheme

/ 12:04 PM March 15, 2016

The Senate Blue Ribbon committee will conduct a hearing on the alleged laundering of $81-million stolen from the US account of the central bank of Bangladesh on Tuesday.

Key personalities who were tagged in the said scheme were summoned to attend the inquiry. These are Rizal Commercial Banking Corp. (RCBC) president and CEO Lorenzo Tan and Maia Santos-Deguito, the manager of RCBC’s branch on Jupiter Street in Makati City where the $81 million was transferred by unknown computer hackers who stole the money from the account of Bangladesh Bank.


Other people who were summoned include account owners William So Go, Michael Francisco Cruz, Jessie Christopher Lagrosas, Alfred Santos Vergara, Enrico Vasquez and Kam Sin Wong (Kim Wong).

READ: Key personalities invited in Senate probe on money laundering


Officials from various banks, casino owners, Anti-Money Laundering Council officials, BSP Governor Amando Tetangco Jr., Philippine Amusement and Gaming Corp. chair Cristino Naguiat; Securities and Exchange Commission Chair Teresita Herbosa; Insurance Commission Commissioner Emmanuel Dooc; and AMLC Secretariat Executive Director Julia Bacay-Abad were also invited as resource persons for the hearing.

READ: MONEY LAUNDERING: Where did $81 million go?

The hearing, which was set at 1:30 p.m., will be presided by Senator Teofisto Guingona III.

The heist and the laundering scheme were first reported in the Inquirer last February 29. AJH

READ: RCBC chief calls report malicious, orders probe

Watch the livestream of the Senate hearing here:


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TAGS: bank, hearing, Money Laundering, scheme, Senate
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