Bangladesh to sue Manila bank over $81 million cyber heist: cenbank governor

ronjor · Jan 30, 2019

Serajul Quadir January 30, 2019

DHAKA (Reuters) - Bangladesh will file a lawsuit in a U.S. court on Wednesday against Philippine bank Rizal Commercial Banking Corp (RCBC) over its role in one of the world’s biggest cyber-heists, the Bangladesh central bank governor said.
Click to expand...

ronjor · Feb 1, 2019

NY Fed to assist Bangladesh in cyber-heist lawsuit

Jonathan Spicer February 1, 2019
NEW YORK (Reuters) - The Federal Reserve, which was tricked three years ago into sending $81 million of Bangladesh’s money to unidentified hackers, said on Friday it will formally assist Bangladesh Bank as it sues a Philippine bank to recoup its losses.
Click to expand...

guest · Feb 3, 2019

SWIFT says helping Bangladesh Bank rebuild network after cyber heist
February 2, 2019
https://www.reuters.com/article/us-...build-network-after-cyber-heist-idUSKCN1PR0LE

International payments network SWIFT said on Saturday it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used it to steal $81 million in 2016 in the world’s biggest cyber heist.

SWIFT’s comments came after the New York Fed on Friday agreed to provide “technical assistance” to Bangladesh Bank in its lawsuit against Manila-based Rizal Commercial Banking Corp (RCBC). RCBC was used to funnel the money, much of which disappeared into the casinos of the Philippines.
SWIFT - the Society for Worldwide Interbank Financial Telecommunication, a cooperative used by thousands of financial institutions around the world - did not say if it would also help Bangladesh Bank with the court case in New York.
Click to expand...

guest · Mar 12, 2019

RCBC files defamation suit against Bangladesh Bank in connection with US$81 million cyber heist
March 12, 2019
https://ph.news.yahoo.com/rcbc-files-defamation-suit-against-093942124.html

Filipino-owned bank Rizal Commercial Banking Corporation (RCBC) has filed a defamation suit against Bangladesh Bank for alleging that the former was complicit in the 2016 cyberheist in which the Bangladeshi central bank lost US$81 million (PHP4.256 billion).

The suit was filed on March 6 according to various media reports but it was only made public today. RCBC filed it at the Regional Trial Court in Makati City, claiming that its reputation has been viciously attacked by the Bangladesh Bank since the heist occurred in 2016.
“Bangladesh’s suit is nothing more than a political stunt to try to shift blame from themselves to RCBC. The action taken today by RCBC finally puts the case in a court where — at the very least — the alleged crime took place,” Cheng said.

Until this day, authorities are still in the dark as to who masterminded the crime and the Bangladesh Bank has gotten back only US$15 million (PHP791.745 million).
Click to expand...

Log in or Sign up

Bangladesh to sue Manila bank over $81 million cyber heist: cenbank governor

ronjor Global Moderator

ronjor Global Moderator

guest Guest

guest Guest

Log in or Sign up

Bangladesh to sue Manila bank over $81 million cyber heist: cenbank governor

ronjor Global Moderator

ronjor Global Moderator

guest Guest

guest Guest

Useful Searches