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Bangladesh to sue Manila bank over $81-mn heist, asks US Fed to join suit

Manila Bank has said it would not pay any compensation to Bangladesh Bank and the Dhaka bank bore responsibility for the theft since it was negligent

Reuters  |  Dhaka 

Bangladesh's central bank will file a lawsuit against a Philippines bank for its role in one of the world's biggest cyber-heists two years ago, a deputy governor said on Wednesday. Unidentified hackers stole $81 million from Bangladesh Bank's account at the New York Fed in February 2016, using fraudulent orders on the SWIFT payments system. The money was sent to accounts at Manila-based Rizal Commercial Banking Corp (RCBC) and then disappeared into the casino industry in the Philippines. "Bangladesh Bank will file a lawsuit in a New York court within two to ...

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First Published: Wed, February 07 2018. 19:10 IST
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