|
The
resignation, which was submitted last week, took effect on
Friday.
RCBC is at the center of a Senate investigation into a cyber
heist in which $81 million was stolen from the Bangladesh
central bank's account at the U.S. Federal Reserve Bank of New
York and allegedly deposited in one of its branches.
"I take full moral responsibility for this sad incident in the
history of the bank," Tan said in a statement.
Bank chairwoman Helen Dee will oversee operations as president
and CEO until a new president is appointed. RCBC, partly owned
by a unit of Cathay Financial Holding Co Ltd, is the country's
ninth largest lender in asset terms.
"An internal investigation into the alleged $81 million money
laundering had cleared Tan of any breach of bank rules and
policies," RCBC said in a statement.
The Philippine Senate on May 17 resumes its probe into how the
stolen money ended up with casinos and gambling operators in
Manila.
The investigation has led to the recovery of around $15 million
from a Chinese casino boss and junket operator.
The probe has been hamstrung by strict banking secrecy laws and
anti-money laundering legislation that does not cover casinos
and cannot compel them to disclose information.
(Editing by Tom Hogue and Nick Macfie)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
