Philippines bank challenges Bangladesh Bank to sue over heist

A security guard stands guard outside a branch of Rizal Commercial Banking Corporation (RCBC) in Paranaque city, Metro Manila, Philippines August 2, 2016. REUTERS/Erik De Castro

MANILA: A Philippines bank that was used as a conduit by cyber criminals to transfer US$81mil (RM326.21mil) from the Bangladesh central bank's account at the Federal Reserve Bank of New York on Aug 5 challenged Bangladesh Bank to take it to court. 

The unknown hackers tried to steal nearly US$1bil (RM4.03bil) from the Bangladesh Bank account between Feb 4 and Feb 5, and succeeded in transferring US$81mil (RM326.21mil) to four accounts at Rizal Commercial Banking Corp (RCBC) in Manila.