FAKE ADDRESSES: The Senate cannot locate four individuals whose bank accounts received $81 million in stolen funds from the Bangladesh Bank.

A Senate official said Michael Francisco Cruz, Jessie Christopher Lagrosas, Alfred Santos Vergara, Enrico Teodoro Vasquez had fake addresses and could not be located nor summoned to the Senate inquiry on Tuesday.

Senator Teofisto Guingona III earlier said the four individuals opened US dollar bank accounts with the Rizal Commercial Banking Corp. (RCBC) Jupiter branch using fake documents on May 2015.

Two of the four men, Guingona said, submitted fake driver's licenses for their account application. He added that all four indicated false addresses in their application forms.

RCBC Jupiter branch manager Maia Santos Deguito earlier said businessman Kam Sin Wong (alias Kim Wong) introduced her to Cruz, Lagrosas, Vasquez and Vergara last year.

Deguito facilitated the opening of their accounts which remained dormant until February 5, 2016 when unknown hackers managed to transfer $81 million from the Bangladesh Bank (BB) to these accounts.

Between Feb. 5 and 9, money from the four questioned dollars accounts were consolidated into the account of businessman William Go, converted into pesos and moved to accounts of casino operators.

Guingona has warned that the money laundering scam could lead to the Philippines being blacklisted by the Financial Action Task Force. He said a blacklist could affect overseas Filipino remittances and Philippine credit ratings, which would hamper the economy.

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