Testimony Prompts Bank Chief to Quit
From Times Wire Reports
The head of the Philippines’ third-largest bank resigned after impeachment trial witnesses testified that one of its accounts held millions of dollars in bribes collected by the country’s president. Equitable PCI Bank Chairman George Go denied any wrongdoing but said he was stepping down to “eliminate doubts” about the bank’s dealings with President Joseph Estrada, who is accused of graft, violating the constitution and betraying public trust.
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