HALISTER1: Rizal Bank CEO Sues Branch Manager Over Cyber Heist Testimony

Rizal Bank CEO Sues Branch Manager Over Cyber Heist Testimony

(Bloomberg) -- Rizal Commercial Banking President and CEO Lorenzo Tan filed on Monday civil complaint against former manager of Jupiter branch Maia Deguito for allegedly implicating him as mastermind of $81m money laundering, according to filing with Makati City court.
  • Tan, in e-mailed statement, accused Deguito of libel and false testimony given at Senate
  • Deguito lawyer Ferdinand Topacio indicated he wouldn’t make any immediate comment in response
  • NOTE: Senate to conduct 5th hearing Tuesday on how $81m funds stolen from Bangladesh foreign reserves found their way into Rizal Bank, moved to remittance co. Philrem Service Corp., transferred to casinos
  • Tan included Topacio in 31-page civil complaint where Tan is seeking 32m pesos for damages and reimbursement for legal costs
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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RCB PM (Rizal Commercial Banking Corp)

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Lorenzo Tan (RCBC Savings Bank Inc)

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