WATCH: Senate hearing on $100-M Bangladesh bank fund heist

MANILA, Philippines – On Tuesday, March 15, the Senate of the Philippines investigated the Bangladesh bank fund heist uncovered last February 5.

The Philippines’ Rizal Commercial Banking Corporation or RCBC says $81 million was deposited in its Jupiter branch in Makati City, after Bangladesh officials discovered hackers stole nearly $100 million from a reserve account.

RCBC president and CEO Lorenzo Tan denied allegations that the bank's top management knew of the alleged money-laundering activities.

Tan and other RCBC officials, including Jupiter branch manager Maia Santos-Deguito, were among the 21 resources persons invited to the hearing.

Watch the recording of the hearing here. –