Bangladesh Bank files fresh case in 2016 heist

Bangladesh Bank has filed a fresh civil case against 17 Philippines entities, including the Rizal Commercial Banking Corporation (RCBC) to recover the $81 million it had lost in a cyber theft involving fund transfer in 2016. The bank has now filed a new case after Southern District Court of New York in March had dismissed the previous case and gave the order to run the case with the state court. The central bank said it had in March instructed its lawyer in New York to file a fresh case with the state court. But the court was then taking only very important cases due to the corona-related shutdown in the city. It also added that before the new case, it had filed a case against RCBC and some individuals on charges of theft, fraud, dollar conversion, cyber hacking and conspiracy. But the US court did not agree with it on a charge of conspiracy. As a result, the court dismissed conspiracy charges. Besides, RCBC, the other entities against whom the new cases have been filed include Bloomberry Resorts and Hotels, a subsidiary of Bloomberry Resorts Corporation, which is the owning company of Solaire Resort and Casino in Manila, one of the entities through which the funds were transferred.