UPDATE: Court finds ex-bank manager<br>guilty in $81-M money laundering scheme

UPDATE: Court finds ex-bank manager
guilty in $81-M money laundering scheme

By THE MANILA TIMES

Jan 10, 2019 11:33 am

A former bank manager was found guilty of money laundering for facilitating the transfer of $81 million from the Bangladesh central bank to her branch in the Philippines in 2016.

Judge Cesar Untalan of Makati Regional Trial Court Branch 149 sentenced Maia Deguito of the Rizal Commercial Banking Corp. (RCBC) from four to seven years of imprisonment for each of the eight counts of money laundering she was charged with and fined $109 million.

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