The central bank of Bangladesh recently confirmed that it will be filing a lawsuit against Rizal Commercial Banking Corporation (RCBC) over the $81 million cyber heist which happened in 2016.

Using fraudulent SWIFT orders, unidentified hackers funneled the money from Bangladesh Bank’s account at the New York Fed to RCBC, where the funds were then said to have been dispersed in Manila’s casino industry.  

According to deputy governor Abu Hena Mohd, they will be filing a lawsuit in a New York court in 2-3 months and are asking the Federal Reserve Bank and SWIFT to join in the legal action.

RCBC responded by saying that the theft was an inside job and that the Bangladesh bank was covering it up by displacing the blame.

 

Source: Reuters

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