Tan leaves post as RCBC Treasurer


RAUL Victor Tan has left his post as Treasurer of Rizal Commercial Banking Corp. (RCBC), the bank announced in a disclosure to Philippine Stock Exchange (PSE) on Thursday.

Tan’s resignation happened amid the ongoing investigation into the $81-million money laundering scandal involving RCBC, in which funds stolen from the central bank of Bangladesh were sent to accounts at the bank’s Jupiter St., Makati branch.

Tan’s reason for resigning was not explained in the disclosure, but RCBC stressed that its internal investigation had already cleared Tan of any involvement in the money laundering case. MAYVELIN U. CARABALLO



Please follow our commenting guidelines.

Comments are closed.