Rizal Bank CEO Offers to Go on Leave Amid $81m Transaction Probe
Source: BFW (Bloomberg First Word)
Tickers
RCB PM (Rizal Commercial Banking Corp)
People
Francisco Lim (Accralaw)
Herminio Coloma (Republic of the Philippines)
Lorenzo Tan (RCBC Savings Bank Inc)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- Rizal Commercial Bank President Lorenzo Tan has offered to go on leave to give bank free hand in investigating alleged money laundering issue involving Philippine lender’s Jupiter branch in Makati, his counsel Francis Lim says in statement.
Alert: HALISTER1- Tan hasn’t offered to resign, board’s trust in him is intact and unshaken: Lim
- Anti-Money Laundering Council is investigating issue to determine identities of those involved, best to wait for findings of council, Communications Secretary Sonny Coloma says in separate statement
- NOTE: Rizal Bank’s CEO Vows to Cooperate With Inquiry on $81m Deposit Link
- NOTE: Rizal Bank Says It’s Probing $81 Million Deposit, Transactions Link
- NOTE: Senate to hold investigation March 15
Source: BFW (Bloomberg First Word)
Tickers
RCB PM (Rizal Commercial Banking Corp)
People
Francisco Lim (Accralaw)
Herminio Coloma (Republic of the Philippines)
Lorenzo Tan (RCBC Savings Bank Inc)
To de-activate this alert, click here
UUID: 7947283