The Bangko Sentral ng Pilipinas has junked the fraud complaint filed against current and former officials of Rizal Commercial Banking Corp. by a nongovernment organization led by former congresswoman Ma. Georgina V. Perez-de Venecia and her son, Pangasinan Rep. Christopher de Venecia.
In a resolution dated 20 August 2021, the BSP’s Investigation and Prosecution Group under the Office of the General Counsel and Legal Services dismissed for lack of basis, both in fact and in law, the administrative complaint filed by Inang Nag-aaruga sa Anak Foundation and several complainants against former and current directors of RCBC.
Aside from the de Venecia family, other complainants were Ma. Asuncion L. Yu, Ma. Teresa P. Cruz-Evangelista, Felipe Ferdinand P. Cruz III, Ma. Asuncion P. Ampil and Veronica F. Roxas.
The foundation accused RCBC officials, specifically Liza P. Arzaga, a former and dismissed employee of the bank’s Garnet Business Center of fraud in July 2020.
Aside from Arzaga, the president and current and former members of the board of directors of RCBC were impleaded in the case.