Bloomberry Resorts said that a court in the United States dismissed an attempt by Bangladesh’s central bank to reclaim funds that were stolen from its accounts and subsequently laundered through Philippine banks and the Solaire Resort & Casino.
The United States District Court, Southern District of New York granted the defendants’ joint motion to dismiss for failure to state a Racketeer Influenced and Corrupt Organizations Act (RICO) claim or RICO conspiracy claim, the company said in a statement to the Philippine Stock Exchange. The court declined to exercise its supplemental jurisdiction over the remaining state law claims.
The civil case sought to collect money that was stolen by North Korean hackers who broke into the Bangladesh Bank’s systems. Multiple remittance orders were sent to an account with the Federal Reserve Bank of New York, from where they found their way into fictitious accounts with RCBC in the Philippines.
Bloomberry said that it had no knowledge that the funds that were remitted to it and used to purchase gaming chips and played on the gaming floor and in junket rooms in Solaire were stolen.
“The complicity and negligence of people and companies that allowed the funds to be stolen, moved and converted before they reached BRHI were the proximate causes of the loss of Bangladesh Bank. BRHI was a victim and was not complicit in this case,” it said.
Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.
ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264