LIVE: Senate probe into $81-M laundering - Day 6

MANILA, Philippines — The Senate probe into the $81 million stolen funds from Bangladesh were transmitted online to four private accounts at a branch of the Rizal Commercial Banking Corp. in Makati City continues on Tuesday, April 19, 2016.

Testimonies at the previous hearings showed around $6.9 million out of the $81 million stolen by cyber criminals from the Bangladesh central bank’s account in the Federal Reserve Bank of New York and transmitted to fictitious bank accounts in the Philippines remain in local casinos and may still be recovered. Bureau of Internal Revenue Commissioner Kim Henares also revealed that the remittance company Philrem Service Corp. is registered as a land transport company and has been paying lower taxes that it ought.

Watch the proceedings LIVE starting 10:30 a.m.