MANILA, Philippines -- Cyberheist victim Bank of Bangladesh and Yuchengco-led Rizal Commercial Banking Corp. are in a legal battle in the US in relation with the $81 million money laundering scandal in 2016. While it had not been officially notified, RCBC said in a press statement on Friday that it's aware that a complaint had been filed against it by Bank of Bangladesh. RCBC added that it had engaged the US law firm of Quinn Emanuel for its defense in this matter. RCBC's lead attorney on the case, Tai-Heng Cheng, a partner at the firm's New York office said: "This is nothing more than a thinly veiled PR (public relations) campaign disguised as a lawsuit. Based on what we have hear...
Keep on reading: Bangladesh Bank, RCBC battle on $81-M cyberheist
from INQUIRER.net http://bit.ly/2MHj6ZR
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