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.

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 the moral, legal stakes and other considerations involved here are too enormous even at this early juncture. Reportedly, $850 Million were still supposed to be transferred to the Philippines, but the transaction for that amount was stopped.

For all we know, there have been several schemes of different modus operandi that were used during the time of Tita Cory Cojuangco Aquino, Joseph 'Erap' Estrada and Gloria Macapagal Arroyo. Under this regime of Aquino, how many of these kinds of scams have been successfully accomplished? We sincerely do not know. That is why we are asking.

What the RCBC scandal is not revealing to the public are details that everyone needs and deserves to know.

For instance, the referrer to Ms. Dequito of the new account applicants, Mr. Kim Wong, does not operate without the go signal of the highest authority in the land - the President of the Republic himself.

During the time of Erap, Wong and Charlie 'Atong' Ang ascended to great prominence along with other small time crime world operators. They had the blessings of the highest official of the Philippines. Wong got a special space at the government operated casino at the NAIA (now defunct). Charlie 'Atong' Ang, spouses Dante and Teresita Tan of the BW scandal and the Ping Lacson bugging device scandal, among many other Filipinos and Chinese came into very high places in society and earned oodles and oodles of both legal and dirty money from legitimate and criminal business.

Atong Ang
 Financial sponsor of a female presidentiable
 Donor of 5 Billion increased to 10 Billion to a female presidentiable
Crime Lord wanting to make a comeback to Malacanang

Atong Ang held court at Malacanang and the Department of Transportation and Communications (DOTC) as if he was the chairman of the board and that the Office of the President and the DOTC were his empires. The guy is full of shit and yet he was allowed to lord it over government the way he did during Erap's incumbency. WTF. Ang is now reported by media to be sponsoring a female presidential candidate whose survey ratings have soared into the sky after announcing a fake Supreme Court "decision."

Earlier, it was published by an online site that RCBC can fire Dequito. Apparently, RCBC got enough sense on its own and it did fire Dequito together with her loyal sidekick, Ms. Angela Torres.

It is not necessarily a mystery why Mr. William So Go wants to exonerate himself from the scandal. Ms. Angela Torres declares that Go was the one who received millions of dollars on board an SUV and signed the receipts for the monies given to him. Go is vehemently denying everything Dequito and Torres are saying.

Billions of Peso worth of stolen money went into the hands of chinese and RCBC personnel
Mr. William So Go, former owner of S & R Shopping Centers
He denies receiving money or opening any new account for the hacked money

This is the earlier article about the issue published online:

The Senate Investigation into the stealing of United States Dollars Eighty One Million (US$81,000,000) appears to be useless. They have not been able to unearth the true and real facts about how the stealing of the money actually took place. And where the money is now.

The central and key role players Kim Wong, Maia Santos Dequito, Lorenzo Villanueva Tan and other officials of RCBC including those of other banks, the casinos, will never reveal the real truth about the transaction. They will merely keep saving their hides and divert the investigation somewhere else.

Illegal Drugs kingpin Kim Wong
Gained power and notoriety during the time of President Joseph Estrada
RCBC Chief Executive Officer Lorenzo V. Tan
RCBC Jupiter St. Branch Manager Maia Santos Dequito

The Chairman of the Board, Helen Yuchengco Dee and the rest of the Members of the Board of RCBC can fire CEO Lorenzo Villanueva Tan and Maia Santos Dequito for Criminal Negligence, Ignorance, Greed and Economic Sabotage.

Amb. Alfonso Yuchengco, RCBC Chairman Emeritus
RCBC Chairperson, Helen Yuchengco Dee

The premise for this dishonorable removal from the rolls of RCBC are as follows:

1. Just because Tan and Kim Wong are good buddies, Tan should still have conducted proper due diligence on the source of the fund that will be transmitted to the Philippines from its foreign origin. In which case, the FINCEN and financial intelligence should have been notified and involved, along with the rest of the verifying authorities in the international banking community - not the least of which is the international anti-money laundering secretariat.

2.  Tan and his subaltern Maia Santos Dequito refused this because they needed to push through with the transaction without any hassle. But it was incumbent upon them to stop the transaction if and when there were irregularities particularly on where the money originated from.

3.  When the transaction was already in progress, Tan and Dequito, withdrew large amounts of money for themselves as manifested by a witness who saw Dequito's car being loaded under her own instructions with no less than Philippine Pesos Twenty Millions (Php20,000,000). Did they include other members of the Board or key officials of the RCBC?  Then they did not implement the stop order from the New York originating bank and the stop request from Bangladesh Central Bank. How cruel, beastly and stupidly greedy is that?  They knew that shit will hit the fan, but come hell and high waters they proceeded to release the funds. Are they that beholden to criminals?  Dequito was also under instructions to fly away as far and as fast as possible but she was technically accosted, short of being arrested, by officers of the law at the NAIA prior to her flight.

4.  Lorenzo Villanueva Tan and Maia Santos Dequito knew that there were knowledgeable individuals and institutions that could help them. They were even introduced properly to those entities. But they lifted their chins up high, berated those parties and stated in no uncertain terms that they already had the situation under control. How stupid is that?

5.   During the time the transaction was in progress, the CCTV in RCBC Jupiter Branch was reported to be non-functional according to Laurinda Rogero, the RCBC anti-money laundering head. Is this part of the highly criminal modus operandi of Dequito and her boss?

Criminals never know when lightning and thunder will strike. And that they will be the next victims. Like all gamblers, criminals always go into the commission of crime knowing that they will succeed.

The natural law prevailed in this case and Tan and Dequito might go to jail for all we care. But the government must resolve this case and not be a pushover or a whitewasher if it must preserve the image of the country in the international financial community.

The places where the money was delivered to:

Midas Hotel - operated by Lucio, Zaldy Co, Bantug-Benitez, allegedly owned by Mike Arroyo
Resorts World Manila - operated by Andrew Tan Megaworld but allegedly owned by Mike Arroyo
Solaire Casino - local businessman E. Razon in partnership with co-owners
based in the Asian gambling capital - Macau

Posted under Themes: AMLA, Jose Miguel Arroyo, Bantug, Bangladesh, Benitez, Central Bank, crime, drugs, Finance, FINCEN, hacker, Helen Yuchengco Dee, Lorenzo Villanueva Tan, Lucio Co, Zaldy Co, Maia Santos Dequito, PAGCOR, Razon, RCBC, Senate, Yuchengco, Erap, Kim Wong, William So Go, Jason Go

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