Exclusive: Bangladesh officials visit Manila to seek recovery of bank heist money

By Krishna N. Das, Serajul Quadir and Karen Lema DHAKA/MANILA (Reuters) – Officials from the Bangladesh central bank are visiting Manila this week to pressure the authorities in the Philippines to find ways to return the $63 million that is still missing out of the funds stolen from its account at the Federal Reserve Bank of New York earlier this year, two people close to Bangladesh Bank said. Unknown cyber criminals tried to steal nearly $1 billion from the Bangladesh Bank account between Feb. 4 and Feb. 5, and succeeded in transferring $81 million to four accounts at Rizal Commercial Banking Corp (RCBC) in Manila. The Bangladeshi officials are alleging that the money was allowed to disappear into the casino industry in the Philippines, where investigators say it was laundered, because of systemic failures at RCBC, the two sources said.

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