RCBC filed case against Bangladesh Bank to save its skin
Barrister Tanjib-ul Alam speaks to DOT :
Manila-based Rizal Commercial Banking Corp (RCBC) has filed a lawsuit accusing Bangladesh’s central bank of defamation hitting back at what it says are baseless claims of its complicity in the world’s biggest cyber heist.
The Manila-based bank claimed 19 lakh US dollar as compensation.
But is there any merit of the case filed by the RCBC?
The lawsuit is ridiculous. The bank filed the case to save its skin.
They have not incurred any loss over the reserve heist of Bangladesh Bank. It is the central bank of Bank, which had to pay the price. There is no logic behind filing the case against Bangladesh Bank. They filed the case only to convince their fellow citizens that RCBC is not involved in the heist.
The case filed by the RCBc will not have any impact on the case lodged with Manhattan District Court of the USA on January 31. Bangladesh Bank will win the case filed in the USA.
In February 2016, criminals used fraudulent orders on the SWIFT payments system to steal $81 million from the Bangladesh central bank’s account at the Federal Reserve Bank of New York.
The money was sent to accounts at the RCBC and then vanished into the casino industry in the Philippines.
Barrister Tanjib-ul Alam is an Advocate, Supreme Court of Bangladesh. Interviewed by Amirul Islam, translated by Hossen Sohel