Inquirer.net :
RIZAL Commercial Banking Corp. president Lorenzo Tan has gone on indefinite leave of absence on the heels of the government’s probe on the $81 million in dirty money that slipped through the cracks of the local financial system with the bank’s branch in Jupiter Street, Makati as the gateway. In a meeting on Wednesday, RCBC board accepted Tan’s second leave request.
RCBC chair Helen Y. Dee will take over this post during Tan’s absence.
She will be assisted by a management committee led by vice chair Cesar Virata and Armando Medina. “Tan insisted on taking a leave to allow him to focus on clearing his name in the money laundering issue a board committee is investigating. The committee is assisted by SGV auditors and external counsels,” RCBC said in a statement on Wednesday.
In a separate statement, Tan’s lawyer Francis Lim said: “Earlier this week, my client asked again the RCBC board to let him go on leave. This was to avoid any perception of any undue influence on his part in the ongoing internal investigation on the matter. It would also give him more time to address baseless personal attacks against him.”
As far as RCBC’s role as gatekeeper was concerned, RCBC has pinned Jupiter branch manager Maia Santos-Deguito and her deputy Angela Torres for their alleged involvement in the money laundering scandal. Torres was a senior customer relationship manager at the branch.
RIZAL Commercial Banking Corp. president Lorenzo Tan has gone on indefinite leave of absence on the heels of the government’s probe on the $81 million in dirty money that slipped through the cracks of the local financial system with the bank’s branch in Jupiter Street, Makati as the gateway. In a meeting on Wednesday, RCBC board accepted Tan’s second leave request.
RCBC chair Helen Y. Dee will take over this post during Tan’s absence.
She will be assisted by a management committee led by vice chair Cesar Virata and Armando Medina. “Tan insisted on taking a leave to allow him to focus on clearing his name in the money laundering issue a board committee is investigating. The committee is assisted by SGV auditors and external counsels,” RCBC said in a statement on Wednesday.
In a separate statement, Tan’s lawyer Francis Lim said: “Earlier this week, my client asked again the RCBC board to let him go on leave. This was to avoid any perception of any undue influence on his part in the ongoing internal investigation on the matter. It would also give him more time to address baseless personal attacks against him.”
As far as RCBC’s role as gatekeeper was concerned, RCBC has pinned Jupiter branch manager Maia Santos-Deguito and her deputy Angela Torres for their alleged involvement in the money laundering scandal. Torres was a senior customer relationship manager at the branch.
