william go - updates

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Hard lessons learned as Senate ends bank heist probe

May 20, 2016 - 11:27 AM

Senators assure an upset Bangladesh Ambassador John Gomes that the money stolen from his government would be returned up to the last centavo as the Senate ends its probe on the grand money laundering scheme

LAST HEARING. Senate blue ribbon committee ends its two-month probe into the Bangladesh Bank fund heist on May 19. Photos by Chrisee Dela Paz/Rappler

Only Kim Wong keeps promise to sign waiver on phone records

May 19, 2016 - 7:05 PM

The Senate is unable to gain access to the phone records of sacked RCBC branch manager Maia Santos Deguito and PhilRem owner Salud Bautista

STONEWALLED. Senate was supposed to look into the phone records of Wong (C), Deguito (L), and Bautista (R) to clarify their contradictory testimonies on who had given orders on delivery of the stolen funds

PhilRem owners no-show in last Senate hearing on bank heist

May 19, 2016 - 5:35 PM

PhilRem has the lowest credibility among them all They are consistently inconsistent says Senator Guingona as the blue ribbon committee wraps up its probe

NO SHOW. PhilRem owners Salud Bautista (C) and Michael Bautista (R) did not show up at the last Senate hearing on Bangladesh Bank money laundering scam. Photo by Alecs Ongcal/Rappler

AMLC files money laundering complaint vs PhilRem execs

Apr 28, 2016 - 3:46 PM

The Anti Money Laundering Council says PhilRem officials were aware the funds coursed through the company were illegitimate as they deliberately ignored requirements to know the customer and record customer information

PHILREM. Salud Bautista of PhilRem responds to questions at the continuation of the Blue Ribbon Committee hearing on the alleged US $100 million that was laundered in Philippines. Photo by Alex Nueva Espana/Senate PRIB

AMLC begins bid to seize assets linked to $81M bank heist

Apr 19, 2016 - 7:55 PM

The Anti Money Laundering Council s first civil forfeiture case is against casino junket agent Kim Wong with more cases to come

MORE TO COME. 'We will do it by batch,' AMLC's Bacay-Abad says when asked when will it also file cases on casinos' assets. Photo by Alecs Ongcal/Rappler

Notary public denies signing affidavit of PhilRem messenger

Apr 19, 2016 - 3:49 PM

In his 7 years working as a PhilRem messenger Mark Raymond Palmares says the transaction related to the 81 million stolen funds from the Bangladesh Bank account is the largest so far

SENATE PROBE. (Left to right) Mark Raymond Palmares, PhilRem messenger, and his bosses, Salud and Michael Bautista, attend the Senate hearing on the Bangladesh bank heist on April 19, 2016. Photo by Chrisee dela Paz/Rappler

WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 6

Apr 19, 2016 - 11:00 AM

Watch the recording of the 6th Senate hearing on the money laundering scandal on Tuesday April 19 at 10:30 am

BSP eyes bigger fines for banks violating anti-money laundering law

Apr 12, 2016 - 9:01 PM

For Senator Sergio Osmeña III the RCBC money laundering issue is just the tip of the iceberg

PROTECTION FROM MONEY LAUNDERERS.  BSP Deputy Governor Nestor Espenilla Jr says there is a basis to increase penalties for those violating AMLA laws. Photo by Alecs Ongcal/Rappler

BIR investigates PhilRem for possible tax evasion

Apr 12, 2016 - 7:24 PM

Senator Teofisto TG Guingona III says the committee is studying the possibility of holding PhilRem liable for contempt for the owners inconsistent testimonies

SOMETHING IS AMISS. BIR's Kim Henares says there is something wrong with PhilRem's business registration. Photo by Alecs Ongcal/Rappler

Senate blue ribbon chair to PhilRem chief: 'You're hiding something'

Apr 12, 2016 - 3:57 PM

At the resumption of the Senate hearing on the Bangladesh bank heist Internal Revenue Commissioner Kim Henares says PhilRem clearly violated tax regulations

IN THE MIDDLE. Founded in 1998, PhilRem is primarily established to engage in the business of remittance of money currency from abroad to be delivered to different parts of the Philippines. Photo by Alecs Ongcal/Rappler

Bank heist probe: Questions, contradictions hound PhilRem

Apr 12, 2016 - 10:15 AM

Money transfer services of PhilRem were used in the 81 million money laundering scam keeping the stolen funds out of sight and out of reach

CONNECTIONS. Salud Bautista of PhilRem (L) during the continuation of the Blue Ribbon Committee hearing. She is seated next to casino junket agent and an 'acquaintance' Kam Sin Wong (R). Photo by Alex Nueva Espana/Senate PRIB

WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 5

Apr 12, 2016 - 8:26 AM

Watch the recording of the 5th Senate hearing on the money laundering scandal

RCBC's Tan sues Deguito, seeks P32M in damages

Apr 11, 2016 - 10:00 PM

RCBC president on leave Lorenzo Tan files charges against sacked branch manager Maia Santos Deguito over the Bangladesh Bank controversy

HEAD TO HEAD. Lorenzo Tan (L) files charges against Maia Santos-Deguito (R), accusing the ex-RCBC branch manager of libel and false testimony

BSP: Banks bear 'ultimate responsibility' in avoiding dirty money

Apr 06, 2016 - 8:48 PM

Amid the 81M heist probe the Bangko Sentral ng Pilipinas orders banks to take extra caution

DIRTY MONEY. The returned dirty money comes from casino junket agent Kim Wong. Photo from Bangko Sentral ng Pilipinas

Turnover of Bangladesh's missing millions will 'take a little time'

Apr 06, 2016 - 5:35 PM

5 46 million may have been returned by Kim Wong but the money is still not with the Bangladesh government

MOOD CHANGES. Bangladesh Ambassador to the Philippines Gomes (left) asks AMLC's Julia Bacay-Abad (right) for immediate turnover of returned funds. Photo by Chrisee Dela Paz/Rappler

Bangladesh envoy dismayed, witnesses stonewalled at 4th Senate probe

Apr 05, 2016 - 11:30 PM

At the end of the fourth Senate probe Bangladesh Ambassador to the Philippines John Gomes expresses disappointment on the state of the returned 4 63 million and P38 28 million funds by casino junket agent Kim Wong

DISMAYED. Bangladesh Ambassador to the Philippines John Gomes (center) gestures while sitting next to the Joint Director of the Bangladesh Financial Intelligence Unit Mohammad Abdur Rab (left) and Deputy General Manager of the Accounting and Budgeting Department of the Bangladesh Bank Jaker Hossain (right) during the Senate probe. Photo by Mark Cristino/EPA

Osmeña: $17M unaccounted money seems to be with PhilRem

Apr 05, 2016 - 10:36 PM

Senators catch the owners of money transfer firm PhilRem contradicting their earlier testimonies on their transactions linked to the Bangladesh Bank fund heist

MAJOR PLAYER. Senator Sergio Osmeña III scans photos of evidence submitted by Kim Wong. Photo by Alecs Ongcal/Rappler

AMLC to file case to seize entire $81M laundered money

Apr 05, 2016 - 3:30 PM

Asked if the casinos will contest the civil forfeiture case lawyers of Solaire and Midas say they have yet to explain options to clients

RETURN DIRTY MONEY. AMLC Executive Director Julia Bacay-Abad says her office will file a civil forfeiture case so the stolen money may be returned to Bangladesh Bank. Photo by Alecs Ongcal/Rappler

Senators note inconsistency in PhilRem's $81-M bank heist story

Apr 05, 2016 - 1:15 PM

The oath is to tell the truth not just the partial truth Every hearing you give a different story Senator Bam Aquino tells PhilRem owners

INCONSISTENCIES. The Senate blue ribbon committee points out some inconsistencies in PhilRem owners' testimonies. In the photo are owners of PhilRem, Salud Bautista and Michael Bautista. Photo by Alecs Ongcal/Rappler

WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 4

Apr 05, 2016 - 11:30 AM

Watch here the recording of the 4th Senate hearing on the money laundering scandal Tuesday April 5 at 10:30 am

Not the first controversy for RCBC 'miracle man' Lorenzo V. Tan

Apr 02, 2016 - 5:18 PM

UPDATED When he led the United Coconut Planters Bank the bank faced a civil case for padding the loan obligation of a client

UNBLEMISHED? Lorenzo Tan says his track record of 18 years in the banking industry is 'unblemished.' Photo by LeAnne Jazul/Rappler

AMLC to draft bill relaxing bank secrecy

Apr 01, 2016 - 9:39 AM

But an Anti Money Laundering Council member says there may be no longer enough time to pass the bill under the Aquino administration

URGENTLY NEEDED. Dooc says he has heard President Benigno Aquino III is willing to certify the bill as urgent. Photo by LeAnne Jazul/Rappler

William Go files 2 more forgery complaints vs Deguito, Torres

Mar 31, 2016 - 5:06 PM

From all the evidence presented to the public the former RCBC Jupiter Makati branch officers are now caught in their web of lies William Go says

SIMULATED FORGERY. William So Go says the forgery simply shows that he 'did not open the peso and dollar accounts with RCBC Jupiter.' Photo by LeAnne Jazul/Rappler

WATCH: Senate hearing on $81-M Bangladesh bank heist, Day 3

Mar 29, 2016 - 12:43 PM

Watch the recording of the Senate hearing here

RCBC manager no-show at Senate probe, cites health

Mar 29, 2016 - 12:13 PM

She has health problems in a situation full of stress and strain former senator Rene Saguisag the co counsel of Maia Santos Deguito tells the Senate blue ribbon committee

ASSURANCE. Former senator Rene Saguisag, co-counsel of Maia Santos-Deguito, tells the Senate blue ribbon committee that her client vows to attend the next hearings. Photo by Alecs Ongcal/Rappler

Bangladesh bank heist, One Cebu drops Binay, Twitter | 6PM wRap

Mar 21, 2016 - 9:10 PM

Watch Rappler’s 6PM newscast with Chris Schnabel

2 more criminal complaints against Deguito, Torres to be filed 'very soon'

Mar 21, 2016 - 6:59 PM

The duo falsified the bank opening documents for the purported peso and dollar accounts of Go with RCBC Jupiter branch Ex S R owner William So Go s legal counsel says

MORE CHARGES. The Filipino-Chinese businessman will file more charges against the RCBC branch manager who linked him to the Bangladesh Bank fund heist

Deguito: William Go wanted 10% of $81-M dirty money

Mar 21, 2016 - 2:53 PM

But Go s lawyer Ramon Esguerra denies this saying the RCBC branch manager was the one who offered the businessman P10 million to participate in the scheme

PLOT THICKENS. So Go is among those who are being investigated for a cross-border electronic fraud and money-laundering scheme. Photo by LeAnne Jazul/Rappler

RCBC to file perjury raps vs bank officer in money-laundering case

Mar 17, 2016 - 7:32 PM

At the second Senate hearing on the Bangladesh bank heist RCBC senior customer relationship officer Angela Torres is described as the right hand of bank manager Maia Santos Deguito

CYBERHEIST PROBE. The Senate blue ribbon committee holds its second hearing on the Bangladesh bank heist on March 17, 2016. Photo from the Senate of the Philippines Facebook page

RCBC branch manager not allowed to leave Philippines

Mar 12, 2016 - 10:42 AM

UPDATED Maia Santos Deguito was already aboard Philippine Airlines flight 432 when she was offloaded on orders of the immigration bureau an airport official says

HEATS UP. The probe on $100-million bank heist in downtown Manhattan heats up

Coco levy funds, Fukushima, most expensive cities | 6PM wRap

Mar 11, 2016 - 7:05 PM

Watch Rappler’s 6PM newscast with Maria Ressa

Ex-S&R owner to sue RCBC manager over heist

Mar 11, 2016 - 3:33 PM

William Go clarifies that his signature that appeared on RCBC’s records was forged

LEGAL BATTLE CONTINUES. Go's legal counsel says his office is looking to sue RCBC and its Jupiter branch manager