Tai Heng-Cheng | Source | Partner, International Arbitration at Sidley Austin LLP
Tai Heng-Cheng
Partner, International Arbitration at Sidley Austin LLP
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BB files case against RCBC
Bangladesh Bank has filed a case in New York against a Philippine bank to recover stolen fund worth $81 million by unidentified hackers from its account at Federal Reserve Bank nearly three years ago....
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If the Bank of Bangladesh was serious about recovering the money, they would have pursued their claims three years ago and not wait until days before the statute of limitations. The case was nothing but a political stunt.
