Banker insists she was following orders during heist

Money Graph

The Philippine bank manager who approved fund transfers at the center of an $81m cyber heist will tell lawmakers in a closed hearing Thursday that she was following orders from high-level officials at Rizal Commercial Banking Corp., her lawyer said.

Bloomberg News reports that Maia Santos Deguito has e-mails, mobile-phone messages and other evidence showing that she was acting on orders from her superiors when she approved transactions allowing the transfer of the funds - stolen from the Bangladesh central bank - through her Makati City branch, her lawyer Ferdinand Topacio said in an interview with DZMM radio.

“It is not at her level to transact such a huge amount” without the knowledge of the bank’s “highest echelons,” Topacio said. Rizal Bank’s Chief Executive Officer Lorenzo Tan denied Deguito’s claims in an e-mailed statement sent on Thursday by his spokesman.

To access the complete Bloomberg News article hit the link below:

Banker in $81 Million Heist Was Following Orders, Lawyer Says

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