logo
logo

Bangladesh Bank heist trail goes cold in Manila as probes falter

avatar
Donny Stiteler

REUTERS/Erik De Castro

MANILA Reuters - More than three months have passed since $81 million was stolen in a brazen cyber-heist from Bangladesh's central bank and sent to Manila – yet authorities in the Philippines appear no closer to nabbing those who laundered most of the money through a bank and casinos here.

Several official and private investigators said they had hoped to make headway by following the money trail in the Philippines, but they told Reuters it has gone cold.

Nearly half the high-end gamblers there are ethnic Chinese, from mainland China or other parts of the region.

The AMLC has filed criminal complaints against the manager of the RCBC branch that received the funds, the owners of relevant bank accounts at the branch and the owners of the remittance agency that it says was a "cleaning house" for the money.

Senator Panfilo Lacson, a former national police chief, has told Reuters that Wong is "a friend of mine".

The focus of the Senate committee's report is likely to be on drawing up legislation that can strengthen anti-money laundering laws and ease bank secrecy laws, rather than identifying who was behind the laundering.

collect
0
avatar
Donny Stiteler
guide
Zupyak is a free content platform for publishing and discovering stories, software and startups.