(Photo: Noel Celis/AFP via Getty Images)
Rizal Commercial Banking Corp., the Philippine lender whose employees are suspected of helping launder about $81 million stolen from Bangladesh’s central bank, said it accepted President Lorenzo Tan’s offer to go on leave.
Tan volunteered to step back “to allow him to focus on clearing his name in the money laundering issue a board committee is investigating,” Rizal Bank said in a statement. Chairwoman Helen Dee will take over in Tan’s absence, the bank said.
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