MANILA: Philippine lender RCBC and a Bangladeshi minister traded blame on over liability for tens of millions of dollars that were looted from a New York bank and then went missing in Manila after one of the biggest bank frauds ever.
Unknown cybercriminals tried to steal nearly US$1bil (RM4.46bil) from Bangladesh Bank in February and managed to make off with US$81mil (RM361.4mil) via an account at the New York Federal Reserve. That was transferred to four accounts with bogus names at one RCBC branch in Manila before vanishing.