RCBC said its reputation had come under a sustained “vicious and public attack” by Bangladesh Bank. Bangladesh Bank declined to comment. Bangladesh Bank filed a lawsuit in the US District Court in Manhattan earlier this year, accusing RCBC of involvement in a massive conspiracy to steal its money. A hunt for the culprits has made little progress and Bangladesh Bank has managed to get back roughly $15 million, mostly from a Manila gaming junket operator. In the first conviction in the case, a Philippine court in January found a former RCBC bank branch manager, Maia Deguito, guilty on eight counts of money laundering.

Source: bd News24 March 12, 2019 07:07 UTC