LIFE’S INSPIRATIONS: “…`What good will it be for someone to gain the whole world, yet forfeit their soul?’…” (Jesus, our God and Savior, in Matthew 16:26, the Holy Bible).
NEWS THAT WILL SURELY ROCK THE PHILIPPINE BANKING SYSTEM: There is a breaking news which, to me, is really troubling for us Filipinos, and for the entire banking system in our country as well, which has come all the way from New York, USA.
The Bangladesh Central Bank has finally sued the Rizal Commercial Banking Corporation (RCBC), together with with some 23 Filipino and Chinese nationals who were individually identified in the suit, and some 25 others who were simply identified as “John Does”. This is in connection with the alleged theft of some US $81 million owned by the Bangladesh Central Bank that was deposited by it with the New York Federal Reserve Bank in 2016, and which was later found to have been deposited with the RCBC.
I am certain that this news would cause a grave commotion of sorts for people in the Philippines who have deposits and transactions with RCBC. I also see that this would have a devastating effect on the entire banking system in the country. Too, this would constitute yet another black mark involving not only the honor of the banking system in the Philippines, but of the honor of the whole Filipino race. This would somehow confirm allegations that many Filipinos are truly corrupt.
RCBC SUED FOR BANK FRAUD IN NEW YORK, USA: The first salvo of this dire news about the suit against the RCBC by the Bangladesh Central Bank can be easily accessed at the following sites: https://www.cnbc.com/…/bangladesh-sues-philippine-bank-over…; https://business.financialpost.com/…/bangladesh-sues-manila…; at https://www.usnews.com/…/bangladesh-sues-manila-based-bank-….
In the interest of truth, I am reproducing here some portions of this news item, thus: “… Citing case documents, (Abu Hena Mohd. Rajee) Hassan (the chief of the Bangladesh Bank’s Finance Intelligence Unit) said the complaint accuses the Philippine bank of following fraudulent procedures at every step…”
“… All of the defendants `had a single unlawful purpose: to defraud, steal and launder funds stolen from the bank,’ it says. The filing asserts that TCBC made potentially hundreds of thousands or millions of dollars from the fraudulent transactions allegedly conducted through its accounts and that various employees gained substantial sums through their alleged involvement…”
MAY GOD FORGIVE ALL OF US: I really don’t know how these things could even be happening here in this country of supposed believers in God, Christian or otherwise. I am not trying to accused anyone here, but, isn’t it a fact that the Makati City Regional Trial Court already issued a decision in a case against a high RCBC official, in which it confirmed the presence of fraud in the deposit of the money in the bank?
I will reiterate here the question of Jesus, our God and Savior who is God the Father, Son, and Holy Spirit, in Matthew 16:26, which is our Life’s Inspirations in this column today: really, what benefit can a man have even if he acquires great wealth, if, as a consequence of such acquisition of great riches, his soul and the souls of his entire family will be thrown into the hell of fire and worms?
What is truly perplexing in all these is this: such a huge amount of money (US $81 million) cannot be treated as a mere ordinary deposit which can routinely be accepted by the people in the bank. Certainly, some kind of doubt would be kindled in their minds. Unfortunately, it would seem, the doubt gave way to desire for money, which is a natural instinct of many people. May God forgive all of us!
ANG TANGING DAAN”: ON AIR DISCUSSION ON BENEFITS OF READING THE BIBLE: We invite everyone to listen and watch the program “Ang Tanging Daan” every day at 5 am, which is simultaneously aired over radio stations Bukidnonradyo Powerfm, 100.1 FM, Bukidnon Bisdak Radio, 94.3 FM, and Star Radio Catbalogan 90.1 FM, and every Sunday, 12 noon, at DWBL, 1242 kHz sa AM band in Metro Manila, Sunday, 12 noon over DWBL, 1242 kHz sa AM Band. The program can be accessed also at the Facebook pages “DBWL 1242 Live Streaming” “Ang Tanging Daan”, “Anak ng Diyos Kadugo Ni Kristo”, “Batas TV”, “BATAS INTERNET RADIO”, “Atty. Batas Mauricio”, “Kakampi Mo Ang Batas”, and “Melanio Lazo Mauricio Jr.”, for a discussion on the benefits of reading the Bible.