BB reserve heist case dismissed by US court

Rtv online report

23 Mar 2020, 00:00

The case filed in the US court accusing Rizal Commercial Bank of Philippines and other organizations over the Bangladesh Bank reserve heist has been dismissed. Bloom Berry Resort Corporation, one of the defendants of the case, has circulated the information in Philippines stock market.

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Enquirer, a news media of Philippines and CNN Philippines have confirmed the information.

Bangladesh Bank filed the case on January 31, 2019. In the case Bloom Berry, Rizal Commercial Banking Corporation (RCBC) and other different persons and organization were made accused.

On February 5, 2016 Bangladesh Bank’s 8 crore 10 lakh dollars was stolen from the US Federal Reserve Bank account. That amount of money was transacted through a bank of Philippines.

Then Bangladesh Bank filed a case with the US court. In the complaint it was said that some RCBC officers and other organizations were associated with the reserve heist conspiracy. Bloom Berry Resort Corporation is one of them.

After filing the case news agency Reuters in a report reported that on behalf of Bangladesh in that allegation it was said that some top officers of Rizal Bank had been hatching ‘big’ and ‘critical’ conspiracy for several years. Bangladesh Bank claimed that unnamed hackers from North Korea assisted the theft. After stealing the money it was transacted to New York and RCBC account in Philippines. Then most of the amount was laundered through casinos in Philippines.

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