Court finds ex-RCBC manager guilty of money laundering

Court finds ex-RCBC manager guilty of money laundering

- The court released their decision regarding the case of ex-RCBC branch manager

- Makati-RTC found the former manager guilty of money laundering

- However, the accused will be appealing the verdict

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Former branch manager of Rizal Commercial Banking Corp (RCBC) Jupiter Street, Maia Santoos Deguito was found guilty of money laundering due to the $81 million cyber heist on Bangladesh bank linked to her account three years ago.

KAMI learned that ABS-CBN News reported that Deguito is facing 4 to 7 years jail time for each 8 counts of money laundering as ordered by Makati Regional Trial Court.

In a report by Philippine Star, the court said that Deguito “implemented, executed, and transacted” all the deposits and withdrawals of huge amounts within less two hours.

“[Deguito] proceeded deliberately and transacted with haste of these remittances, which are crystal clear big amounts above the ‘covered transactions’ by the AMLA Law!” said the court.

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However, Deguito’s lawyer said that they will appeal the court’s decision and that the accused won’t be imprisoned because she is now out on bail.

"The judgment as far as I can recall provides that because the amounts allegedly taken have been credited to the account of William Go. My client Maia will not be forced to turn over those amounts. The judge noted that the prosecution failed to prove the amounts ended up in Maia's account, so she's not liable to turn over those amounts," Atty. Demi Custodio said.

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Source: Kami.com.ph

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