Philippine bank RCBC accuses Bangladesh of heist ‘cover-up’-Daily Star



The Philippine bank by which $ 81 million stolen from the central bank of Bangladesh was channeled in February 2016 accused the monetary authority of Dhaka to conceal his negligence and demanded that he stop making the bank a "scapegoat".

Rizal Commercial Banking Corp. (CBRC) responded on Saturday to Bangladeshi Finance Minister Abul Maal Abdul Muhith, who said he wants to "liquidate" the Manila-based bank.

Comments follow a Reuters story that Bangladesh Bank (BB) had asked the New York Federal Reserve to join a lawsuit it was considering filing against RCBC, according to several sources .

"RCBC revealed all that it could legally to the Senate (Philippine) and its regulator, the Bangko Sentral ng Pilipinas.Bb however, hid all that he could.The contrast is eloquent said George Dela Cuesta, head of legal affairs at RCBC, in a statement released Tuesday.

Unidentified hackers stole $ 81 million from the Bank of Bangladesh's account at the New York Fed in February of last year, using fraudulent orders on the SWIFT payment system. The money was sent to accounts at Rizal Commercial Banking Corp based in Manila, and then disappeared in the casinos industry in the Philippines.

Nearly two years later, there is no word on who was responsible and the Bangladesh Bank was able to recover only about $ 15 million, mostly from one person. banquet operator from Manila.

"BB is certainly partly responsible for the burglary, and his refusal to be transparent is a permanent concealment and a bad service to the global efforts to fight cybercrime," Cuesta said. "RCBC is clearly a victim of BB's negligence."

RCBC blamed rogue employees and Filipino prosecutors filed money-laundering charges against a former CBRC bank manager and four people who owned the bank accounts where the funds were sent, but were not not identifiable. They are the only ones officially listed around the world in association with crime.

RCBC was fined a billion pesos ($ 20 million) by the country's central bank last year for its inability to prevent the movement of money stolen through it.

"BB must be punished until he has and shares what he knows to avoid a repeat." Until now, not a single Bangladeshi has been identified in the work at home, much more focused on the court, "said dela Cuesta.



Source link