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Friday, March 29, 2024

Bangladesh presses for more convictions

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The Bangladesh Embassy in Manila has urged the Philippine government to expedite the case against the other officials involved in stealing $81 million from the Bangladesh central bank.

The embassy made the request following the conviction of Rizal Commercial Banking Corp. branch manager Maia Deguito over the stolen money.

In a statement sent to the Philippine News Agency, Bangladesh Ambassador Asad Alam Siam said the Justice department was handling another case against six other RCBC executives involved in the stolen funds.

READ: Anti-laundering body sues RCBC manager

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

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He declined to comment further on the case, saying it would be premature to do so. 

READ: RCBC to cooperate with money laundering probe

Makati Regional Trial Court Branch 149 on Thursday found Deguito guilty of money laundering and was sentenced to four to seven years in prison.

Deguito is the former branch manager of RCBC in 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.

READ: Bank manager guilty of money laundering, gets 32 years in jail

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