Dhaka, Bangladesh
BFIU files new case to recover stolen money

Reserves heist

BFIU files new case to recover stolen money

News Report: Bangladesh Financial Intelligence Unit (BFIU) at Bangladesh Bank filed again a fresh civil case at Southern District Court of New York against 17 Philippine entities, including the Rizal Commercial Banking Corporation (RCBC). BFIU filed this case on Wednesday to recover the remaining $81 million of the reserves stolen from the US Fed in a 2016 digital heist. The court in March had dismissed the previous case and given order to run the case with state court. BFIU head Abu Hena Mohd Razee Hassan said: “Recently our lawyer filed the new case against 17 Philippines entities. "Before the new case, we had filed case against Manila-based Rizal Commercial Banking Corp (RCBC) and some individuals on charges of theft, fraud, dollar conversion, cyber hacking and conspiracy." The BFIU head added:“ But the US court did not agree with us on charge of conspiracy. As a result, the court dismissed conspiracy charges."

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