BREAKING NEWS: Ex-RCBC Manager Maia Deguito Guilty of Money Laundering

Court Finds Ex-RCBC Manager Maia Deguito Guilt of Money Laundering

RCBC MANAGER – Makati Court found former Rizal Commercial Banking Corporation branch manager Maia Deguito guilty of money laundering.

Recently, a news report about a former branch manager of one of the most prominent banks in the Philippines, RCBC, crossed the surface as a court revealed its findings.

Based on a report on Rappler, the Makati Regional Trial Court (RTC) Branch 149 found ex-RCBC manager Maia Deguito guilty of money laundering. The charges is over the $81-million bank heist in 2016.

According to the report, Deguito was the branch manager of the bank that was involved in the case of allegedly stolen funds.

The former bank manager is sentenced to a minimum of four(4) up to a maximum of seven(7) years in prison for each of the eight(8) counts charged to her.

Furthermore, she is also ordered to pay for the penalties amounting to $109 million.

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