THE RCBC Plaza. INQUIRER FILE PHOTO
MANILA, Philippines–The Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has filed a defamation suit against Bank of Bangladesh at a local civil court, citing what the local lender described as “baseless” allegations of complicity in relation to the $81 million cyberheist in 2016.
RCBC filed the civil complaint on March 6, with the Regional Trial Court in Makati City, arguing that its “reputation has come under the vicious and public attack by Bangladesh Bank since 2016.”
“It is public knowledge that 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 and which it does not owe to Bangladesh Bank,” the bank claimed.
The suit was served to Abu Hena Mohammad Razee Hasan, Deputy Governor and Head of Bangladesh Bank Financial Intelligence Unit (BFIU) and the other members of Bangladesh Bank delegation that arrived in the Philippines this week for meetings with banking officials.
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Bangladesh Bank sued RCBC last month in the U.S. District Court for the Southern District of New York in relation to a money laundering scandal in 2016. Some $81 million that was stolen by cyberhackers from Bank of Bangladesh slipped into RCBC’s branch on Jupiter St. in Makati City, quickly withdrawn and eventually laundered through in local casinos.
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