money-laundering scandal

Tag: money-laundering scandal

DOJ dismisses complaint vs 2 suspects in money laundering scandal

April 25, 2017

QUEZON City, Philippines (Eagle News) — The Department of Justice has dismissed the complaint against casino junket operator Kim Wong and Weikang Xu for money-laundering, citing lack of probable cause due to insufficiency of evidence. According to the DOJ, former branch manager of the Rizal Commercial Banking Corp. (RCBC) Jupiter Makati branch, Maia Santos-Deguito has failed to directly link Wong and Xu to the money- laundering activity. In February 2016, Deguito and other RCBC personnel […]

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Senate confirms two more RCBC officials involved in money-laundering scandal

March 18, 2016

MANILA, Philippines – According to the chairman of the Senate Blue Ribbon Committee, Senator Teofisto Guingona, Jr., two more senior officials of the Rizal Commercial Banking Corporation may be involved in the money-laundering scandal but he refused to say the names of said officials because the matter is still under investigation. (Eagle News Service Described by Jay Paul Carlos, Video Editing and Uploaded by Vince Alvin Villarin)

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