Philippine court orders bank to return recovered money to Bangladesh


A PHILIPPINE regional trial court has ordered the Bangko Sentral ng Pilipinas (BSP) to return to Bangladesh’s central bank a recovered portion of the $81 million that was stolen from it earlier this year, a government lawyer said on Monday (September 19). The court has declared Bangladesh as the rightful owner of the funds, totalling $15 million, Ricardo Paras III, chief state counsel of the Philippines’ Department of Justice, said while reading a copy of the court’s ruling to reporters. Unknown hackers tried to steal nearly $1 billion from the Bangladesh central bank’s account at the Federal Reserve Bank of…

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