A delegation of Bangladesh Bank on Sunday left for the United States of America to file a lawsuit with a New York court over $81 million cyber heist from the BB’s reserve kept with Federal Reserve Bank of New York.
BB officials said the central bank following approval from the government had already finalised everything about filing the lawsuit in consultation with two US law firms appointed by the Bangladesh government to deal with the case on behalf of Bangladesh.
Earlier this month, a delegation headed by Bangladesh Financial Intelligence Unit chief Abu Hena Mohd Razee Hassan visited the USA for discussion with the law firms along with New York’s Federal Reserve Bank and Society for Worldwide Interbank Financial Telecommunication.
Razee Hassan told New Age last week that the lawsuit would be filed against the beneficiaries as well as against the suspects.
He, however, denied disclosing further details about the filing of lawsuit.
BB executive director Sirajul Islam told New Age on Sunday evening, ’A three member BB delegation is set to leave Dhaka today while BB’s local legal counsellor Ajmalul Hossain QC would join the team in the US from London.’
The BB delegation includes BFIU adviser Debaprasad Debnath, general manager Md Jaker Hossain and joint director Mohammad Abdur Rab.
BB officials, however, said that the government might file the lawsuit against only Rizal Commercial Banking Corporation of Philippines as winning a court case against New York’s Federal Reserve Bank would be very tough.
On February 4, 2016, cyber thieves transferred $81 million from the BB account in Federal Reserve Bank of New York to Rizal Commercial Banking Corporation in Manila.
Manila returned only $15 million on an order of a regional Philippine court in November 2016, while the rest $66 million was said to be laundered in casinos in Manila.
On December 6, 2018, the then finance minister, AMA Muhith, said that cases would be filed against both Rizal Commercial Banking Corporation and New York’s Federal Reserve Bank.
He said that Rizal would be the main accused and the Federal Reserve would be a party.