Cyber-Heist Banker to Be Probed in Philippine Closed Hearing
- Banker expected to reveal details at a closed-door hearing
- Casino operators, regulator may shed light on money laundering
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The Philippine banker involved in an $81 million cyber heist will be questioned in a closed-door Senate hearing on Thursday as the government expands its probe into how the funds were laundered through the country’s casinos.
The Philippine anti-money laundering agency said Rizal Commercial Banking Corp. branch manager Maia Santos Deguito allowed the money to be withdrawn on Feb. 5 and Feb. 9 despite requests from Bangladesh -- the owner of the funds -- to stop the transfers. The banker declined to answer questions at Tuesday’s five-hour Senate hearing and opted for a tell all in a closed-door executive session.