Bank denies existence of accounts stated in narco-video

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MANILA – The bank named in the video titled “Ang Totoong Narco List” (The True Narcolist) categorically denied the existence of bank accounts allegedly owned by people close to President Rodrigo R. Duterte.

In a Facebook post on Tuesday, the Rural Bank of Guinobatan, Inc. (RBGI) said the allegations that their bank is being used in facilitating transactions allegedly involving drug money cannot be true due to its small size.

“Given the nature of the bank’s small size, simple operation and microfinance niche, we do not have the capacity to handle such stupendous amount nor the facility for international money transfers. Suspicious transactions and amounts beyond five hundred thousand are automatically reported and scrutinized by the AMLC (Anti-Money Laundering Council),” the bank management said in the post.

“This allegation implicating RBGI is not only downright false but also preposterous,” it added.

The RBGI said they strictly adhere to the Bangko Sentral ng Pilipinas’ “very stringent regulations”.

“RBGI’s corporate values do not in any way tolerate doubtful transactions nor will it allow its facilities to be used in unscrupulous bank transactions that will not only besmirch our reputation but erode the trust and confidence of our valued clients,” the bank said.

The RBGI management assured that “RBGI will stand by the core values for which we have strongly hold for 55 years now”.

A certain “Bikoy” linked presidential son and former Davao City vice mayor Paolo Duterte, former Special Assistant to the President Christopher “Bong” Go, and presidential son-in-law Manases Carpio to an illegal drug syndicate.

In part four of the video, “Bikoy” showed the alleged list of Carpio’s accounts with RBGI’s logo in the documents.

Go, former top aide of President Duterte, earlier bared his tattoo-free back to disprove the allegations in the video that he has a dragon tattoo on his back supposedly containing the alphanumeric code of his drug transactions.