Philippine bank threatens counter-suit over world's biggest cyber-heist Feb 09, 2018 0 205 12345 AFPMANILATHE Philippine bank used by hackers to transfer money in the world's biggest cyber heist warned of tit-for-tat legal action on Thursday, after Bangladeshi officials said they would sue the lender.Unidentified hackers stole $81 million from the Bangladesh central bank's account with the US Federal Reserve in New York two years ago, then transferred it to a Manila branch of the Rizal Commercial Banking Corp (RCBC).The funds were then swiftly withdrawn and laundered through local casinos.Bangladeshi officials said Wednesday they are readying a case against RCBC for its alleged role in the heist.One of the officials, Bangladesh's Finance Minister AMA Muhith, said last year he wanted to"wipe out"RCBC. But RCBC maintained the February 2016 cyber-heist was an"inside job"and that the Philippine bank was being used as a scapegoat to hide the real culprits.RCBC, one of the Philippines'largest banks, charged that Bangladeshi officials were hiding their own findings into the crime, possibly to conceal the involvement of their own officials in the heist."RCBC has had it and will consider a lawsuit against Bangladesh Central Bank officials for claiming the bank had a hand in the $81M cyber-heist,"the Philippine lender said in a statement."They are perpetuating the cover-up and using RCBC as a scapegoat to keep their people in the dark,"the RCBC statement said.The Philippine central bank imposed a record $21 million fine on RCBC after the discovery of the heist as it investigated the lender's alleged role in the theft. Only a small amount of the stolen money has been recovered.Money-laundering charges were also filed against the RCBC branch manager. The US reserve bank, which manages the Bangladesh Bank reserve account, has denied its own systems were breached. POST A COMMENT RELATED ARTICLES Philippine leader rejects ICC probe linked to drug war Feb 09, 2018 0 200 Rescuers brave aftershocks to pull bodies from tilting Taiwan tower Feb 09, 2018 0 208 Philippines says Canada helicopters 'not for attack' Feb 09, 2018 0 883 Philippines' Duterte orders halt on new casinos to prevent oversupply REUTERS MANILA Philippines President Rodrigo Duterte has ordered a halt on the entry and creation of new casinos to prevent an oversupply in one of Asia's fastest-growing gambling markets, the country's .. Death-row Indonesian kingpin ran drug ring from prison: police JAKARTA A jailed Indonesian drug lord facing execution ran a meth-and-ecstasy ring from behind bars, police said on Thursday, as officials announced his narcotics network had been smashed. A dozen people were arrested .. Indonesia probes killing of Borneo orangutan JAKARTA A critically endangered Borneo orangutan shot to death in Indonesia took 130 pellets from an air rifle, in addition to cuts and bruises, an official of a wildlife group said on Thursday. Indonesia has vast swathes .. Cambodia court grants bail to seven foreigners held over dance party PHNOM PENH A Cambodian court has granted bail to seven of 10 foreigners charged with producing pornography related to dancing at a party, a court spokesman said on Thursday. The 10 were arrested on Jan. 25, along with 77 .. Thai PM says law applies to tycoon accused of poaching BANGKOK A Thai tycoon charged with poaching a leopard in a national park will not escape justice despite his wealth, the country's junta leader vowed on Thursday, as public outcry rages over impunity for the ..