Philippine central bank ordered to return recovered money to Bangladesh

A Philippine regional trial court has ordered the Bangko Sentral ng Pilipinas (BSP) to return to the Bangladesh central bank a recovered portion of the $81 million that was stolen from the bank earlier this year, a government lawyer said on Monday. The court has declared Bangladesh as the rightful owner of the funds, totaling $15 million, Ricardo Paras III, chief state counsel of the Philippines' Department of Justice, said while reading a copy of the court's ruling to a Reuters reporter. Unknown hackers tried to steal nearly $1 billion from the Bangladesh central bank's account at the Federal Reserve Bank of New York in early February, and succeeded in transferring $81 million to four accounts at Rizal Commercial Banking Corp in Manila.

Original story here.

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