On May 15, 2015, Enrico Teodoro Vasquez, Alfred Santos Vergara, Michael Francisco Cruz and Jessie Christopher Lagrosas opened US dollar bank accounts at Rizal Commercial Banking Corporation (RCBC), a Philippine bank.
The accounts remained untouched until February 4, 2016, the Philippine Daily Inquirer (PDI) reports.
The fraudulent transfer orders were timed for February 4 this year, a Thursday, so that the next day Bangladesh Bank would be closed for the weekend.
Saturday is a common weekend for Bangladesh and the Philippines, Sunday is a weekend there and Monday, February 8, fell on Chinese New Year, a non-working holiday in the Philippines.
It mostly went according to plan.
Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=82039.0