Eye for an eye: RCBC to respond to Bangladesh lawsuit threat with a case
Bring it on.
The Rizal Commercial Banking Corp. (RCBC) said it will be considering counter charges against the Bangladesh central bank following fresh comments issued by an official against them.
Reuters reported that central bank deputy governor Abu Hena Mohd. Razee Hassan said Dhaka will be filing a case against RCBC “within two to three months” before a New York court.
This comes as Bangladesh chases after the $81 million stolen from their reserve fund by unidentified hackers, who used RCBC and casinos in Manila to launder the funds and pocket them back in February 2016.
“If they sue, RCBC is ready and prepared. The first thing we will ask is for Bangladesh Bank and Dhaka to submit to court their findings,” the listed bank said in a statement.
“RCBC has had it and will consider a lawsuit against Bangladesh Central Bank officials for claiming the bank had a hand in the $81 million cyberheist two years ago. We will not allow them to continue to malign RCBC.”
Two years have passed, but only $15 million has been recovered since the incident.