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 appeared in Senate hearings into the money-laundering scandal. He was described by former Jupiter branch manager Maia Santos-Deguito as implicitly clearing the suspicious transfers of the money after a stop request was issued by RCBC’s clearing department by saying the funds that had already been withdrawn “were Bangladesh’s problem,” a claim that Tan denied.
Tan’s reason for resigning was not explained in the disclosure, but in a letter to the PSE, RCBC stressed that its internal investigation had already cleared Tan of any involvement in the money laundering case, and praised him for his service to the bank.
Tan was with RCBC for seven years prior to stepping down, and had previously served as head of the investment management team and the head of the retail banking group. MAYVELIN U. CARABALLO