Ex-bank manager guilty of money laundering

News Philippines Jan 11, 2019 at 4:55 pm

Maia Santos-Deguito


MANILA, Philippines — A Makati City court  Thursday (Jan. 10) convicted a former bank branch manager of money laundering for her role in one of the biggest cyber-heists in history involving $81 million belonging to the Bangladesh government.

In a 26-page decision, Judge Cesar Untalan of Makati Regional Trial Court (RTC) Branch 149 sentenced Maia Santos-Deguito to prison terms of up to 56 years, or four to seven years for each of the eight counts of money laundering.

The court also ordered her to pay $109 million in fines. But the court allowed her to remain free on bail as her lawyer prepares to appeal her conviction.

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