$81m reserve heist: Bangladesh Bank to file case against Philippines bank on Wednesday

Published: January 30, 2019 13:51:14 | Updated: February 06, 2019 21:07:52

Bangladesh Bank Governor Fazle Kabir seen in this FE file photo

The Bangladesh Bank will file a suit against Rizal Commercial Banking Corp and several undisclosed individuals over the heist of $81 million from its account at the New York Federal Reserve.

The suit will be filed with a New York court on Wednesday, with the aim of retrieving the stolen reserve, said central bank governor Fazle Kabir.

All preparations for the case against the Manila-based bank and others are completed and a legal team representing the central bank is already in New York, he said at a media briefing in Dhaka, reports bdnews24.

“The purpose of the case is to retrieve funds stolen in 2016 from Bangladesh Bank and bring perpetrators to justice.”

Individuals who either benefited or were complicit in the heist carried out by hackers would be named in the case, he said.