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Apr 4, 2016 @ 20:01

Bilyonaryos throw support behind RCBC


Top businessmen led by bilyonaryos Andrew Tan and Manuel Villar have expressed their support for Rizal Banking Corp.(RCBC), which has been dragged into a money laundering scheme.

Property firm Megaworld Corp. chairman and CEO Andrew Tan said the group stands solidly with the Yuchengco-led RCBC amid the $81 million scandal.

In a letter to RCBC chair Helen Y. Dee, Tan said Megaworld will continue to do business with RCBC, which has been a solid partner in its corporate banking requirements.

“Our long-time partnership has been anchored on mutual trust and confidence. Your various awards and recognition as a company are testament to your dedication in providing the best banking services that we deserve,” Tan said.

“We look forward to more productive years as one of our partner banks,” he added.

Villar, chairman of Vista Land, likewise declared full support for its partnership with RCBC.

“For over 30 years, our group has relied on RCBC’s reliable service for its growing banking needs. And as we look forward to an even stronger partnership, the group shall continue to vest upon RCBC its full trust and confidence,” he said.

Apart from Tan and Villar, Mang Inasal founder Injap Sia pledged continued support for RCBC.

“Being a long time client of RCBC, they have my continued trust and confidence,” Sia said.

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