Maia Santos Deguito, the former branch manager of Rizal Commercial Banking Corp. (RCBC) at the center of the $81-million cyberheist three years ago, was found guilty last week on eight counts of money laundering by the Makati Regional Trial Court (RTC). She was sentenced to a jail term of up to 56 years and was also ordered to pay a total fine of $109.5 million. While not a few had expected the conviction, many are in
Yes, the battle in court began 20 years ago. The legal battle was, in fact, won 10 years later. It was a lonely battle, from the trial court to the Court of Appeals and finally with the Supreme Court no less ordering about 13 defendant government agencies to do a
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