Manila’s RCBC Sues Bangladeshi Central Bank for Defamation in $81 M Cyber Heist

A major Philippine bank announced Tuesday that it was pursuing a counter-lawsuit alleging defamation against Bangladesh’s central bank for “vicious and public attacks” stemming from the theft of U.S. $81 million in the world’s biggest cyber heist. The Manila-based Rizal Commercial Banking Corp. undertook the legal action two months after a Philippine court sentenced an RCBC bank manager to serve up to 56 years in jail and pay fines of more than U.S. $100 million in connection with the February 2016 theft of Bangladeshi central bank money. “Bangladesh Bank has embarked on a massive ploy and scheme to extort money from plaintiff RCBC by resorting to public defamation, harassment and threats geared towards destroying RCBC’s good name, reputation, and image, all with the intention of getting RCBC to pay Bangladesh Bank money that RCBC does not have in its custody or possession,” RCBC said in a statement, using the official name for Dhaka’s central bank.........................

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