BB fund heist: RCBC fires manager, deputy

Yuchengco-led Rizal Commercial Banking Corp fired its Jupiter branch manager Maia Santos-Deguito and her deputy Angela Torres today, citing violations of bank policies and procedures as well as falsification of commercial documents.

“Other branch and bank officials are expected to be meted out various sanctions ranging from termination to suspension in the coming days when the internal investigation is expected to be completed,” RCBC said in a statement on Tuesday.

The termination was effective Tuesday, March 22.

The bank claimed that Deguito and Torres had breached the rules and facilitated the alleged laundering of $81 million of remittance now being investigated by the Senate Blue Ribbon Committee and other government agencies like the Anti-Money Laundering Council.

“Appropriate charges in court will be filed by the bank against Deguito and Torres by next week,” the bank said.

*Copyright: Philippine Daily Inquirer/Asia News Network