Bangladesh central bank files lawsuit against RCBC in Philippines for $81m cyber-heist
Dhaka — Bangladesh’s central bank will file a lawsuit against a Philippines bank for its role in one of the world’s biggest cyber-heists two years ago, a deputy governor said on Wednesday. Unidentified hackers stole $81m from Bangladesh Bank’s account at the New York Federal Reserve in February 2016, using fraudulent orders on the Swift payments system. The money was sent to accounts at Manila-based Rizal Commercial Banking Corporation (RCBC) and then disappeared into the casino industry in the Philippines. "Bangladesh Bank will file a lawsuit in a New York court within two to three months in connection with the reserve theft," central bank deputy governor Abu Hena Mohd. Razee Hassan told Reuters. "We are in talks with the Federal Reserve Bank and Swift to join us, as they are also victims." The Philippine bank could not immediately be reached by phone or text message for comment outside office hours. Reuters reported in December that Bangladesh Bank had asked the New York Fed to jo...
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