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Bangladesh Bank heist: US court dismisses case against RCBC

International Desk | banglanews24.com
Update: 2020-03-23 4:53:32 PM
Bangladesh Bank heist: US court dismisses case against RCBC
Bangladesh Bank heist

A US court has dismissed a civil case filed by Bangladesh Bank against Manila-based bank Rizal Commercial Banking Corp, individuals and firms over $81-million cyber-hacking and money laundering case in 2016.

Bloomberry Resorts Corp – parent firm of Solaire Resort & Casino operator Bloomberry Resorts & Hotels Inc. -- one of the defendants -– disclosed to the Philippine Stock Exchange on Monday that the US District Court for the Southern District of New York dismissed the case linking the alleged conspiracy in relation to the cyber heist and money laundering case, Inquirer reports.

Bangladesh Bank on February 1, 2019, filed the case with the United States District Court for the Southern District of New York against Philippines' Rizal Commercial Banking Corporation (RCBC) to recover the full amount stolen in the February, 2016 heist. 

A US law firm filed the case on behalf of Bangladesh through online with the court in Manhattan of New York City and the court accepted the lawsuit immediately.

BDST: 1655 HRS, MAR 23, 2020
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