Thursday, June 13, 2024 - Login

Rizal Bank sues Bangladesh central bank over cyber heist


Rizal Commercial Banking Corp (RCBC) is fighting back against a civil suit filed by the Bangladesh central bank seeking damages for a 2016 cyber heist, issuing its own legal action for defamation.

A total of $81 million was stolen from the Bangladesh bank’s accounts at the Federal Reserve Bank of New York in 2016 before being sent on to RCBC, from where it vanished into casinos, including Bloomberry Resorts’ Solaire Resort & Casino.

According to local media, RCBC claims  its reputation had come under a sustained “vicious and public attack” by Bangladesh Bank. It is seeking at least 100 million pesos ($1.9 million) in damages.

“Bangladesh Bank has embarked on a massive ploy and scheme to extort money from plaintiff RCBC by resorting to public defamation, harassment and threats geared towards destroying RCBC’s good name, reputation, and image,” the bank was reported as saying in a statement.

The lawsuit counters a separate civil suit brought by the Bangladesh bank seeking damages from Rizal, Bloomberry’s gaming unit and other Philippine companies and individuals.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief