Recently, RCBC fired Maia Santos Dequito and Angela Torres. Ms. Torres is crying foul and complains “harassment from RCBC top brass.”
The case of RCBC is unprecedented, but there are other scams that have gone way up higher than the world’s tallest skyscraper that went undetected. Investigators still need to uncover for instance what happened to many heritage accounts at the Central Bank of the Philippines – CBP (renamed by Tita Cory to Bangko Sentral ng Pilipinas thereby giving away the CBP’s license as a Bullion Bank.)
Unscrupulous officials and private individuals have been milking the heritage accounts by conning the holders and signatories of those accounts and enriching themselves by forging the signatures and misrepresenting those real holders and signatories.
Unscrupulous officials and private individuals have been milking the heritage accounts by conning the holders and signatories of those accounts and enriching themselves by forging the signatures and misrepresenting those real holders and signatories.
The RCBC scandal is really such a miniscule affair, too insignificant were it not for the alarm bells it raised due to minor mistakes made by the perpetrators. But…
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