Rizal Commercial Banking Corporation Sues the Bank of Bangladesh for Defamation
Retrieved on:
Tuesday, March 12, 2019
NEW YORK, March 12, 2019 /PRNewswire/ --Rizal Commercial Banking Corporation (RCBC), one of the largest banks in the Philippines, announced today it filed a lawsuit against the Bank of Bangladesh (Bangladesh Bank) in a Philippine civil court for defaming RCBC and its executives with baseless allegations of complicity in the $81 million cyber heist of Bangladesh's central bank in 2016.
Key Points:
- NEW YORK, March 12, 2019 /PRNewswire/ --Rizal Commercial Banking Corporation (RCBC), one of the largest banks in the Philippines, announced today it filed a lawsuit against the Bank of Bangladesh (Bangladesh Bank) in a Philippine civil court for defaming RCBC and its executives with baseless allegations of complicity in the $81 million cyber heist of Bangladesh's central bank in 2016.
- In the filing, RCBC says its "reputation has come under the vicious and public attack by Bangladesh Bank since 2016.
- 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.
- Bangladesh Bank sued RCBC last month in the U.S. District Court for the Southern District of New York.