Bangladesh sues Philippine bank over cyber heist at New York Fed


  • TECH
  • Friday, 01 Feb 2019

FILE PHOTO: 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/File Photo

Bangladesh's central bank on Thursday sued a Philippine bank to recoup losses it suffered when unidentified hackers stole US$81mil (RM331mil) from its account at the Federal Reserve Bank of New York nearly three years ago.

In a complaint filed with the US District Court in Manhattan, Bangladesh Bank accused Rizal Commercial Banking Corp (RCBC) and dozens of others, including several top executives, of involvement in a "massive" and "intricately planned" multi-year conspiracy to steal its money.

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