From bdnews24.com
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 out a copy of the court's ruling to a Reuters reporter.
Unknown hackers tried to steal nearly $1 billion from the Bangladesh central bank's account at the Federal Reserve Bank of New York in early February, and succeeded in transferring $81 million to four accounts at Rizal Commercial Banking Corp in Manila.
During a Philippine Senate hearing into the heist which ended in May, a casino junket operator claimed to have received $35 million of the stolen funds but only returned $15 million.
It is not clear what happened to the remainder of the money.
Bangladesh had to file a petition staking its claim to the money before it could be turned over to them.
"(The) court ordered the release of the cash now in the BSP vault in favour of the People's Republic of Bangladesh," Paras told Reuters.
Bangladesh is also seeking to recover another $2.7 million frozen by the Philippines' casino regulator.
Bangladesh Bank's assistant spokesperson Anwarul Islam on Monday afternoon told bdnews24.com that the bank had also heard about the Philippines court's order.
"We will brief the media on this at a press conference at 5pm," he said.
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 out a copy of the court's ruling to a Reuters reporter.
Unknown hackers tried to steal nearly $1 billion from the Bangladesh central bank's account at the Federal Reserve Bank of New York in early February, and succeeded in transferring $81 million to four accounts at Rizal Commercial Banking Corp in Manila.
During a Philippine Senate hearing into the heist which ended in May, a casino junket operator claimed to have received $35 million of the stolen funds but only returned $15 million.
It is not clear what happened to the remainder of the money.
Bangladesh had to file a petition staking its claim to the money before it could be turned over to them.
"(The) court ordered the release of the cash now in the BSP vault in favour of the People's Republic of Bangladesh," Paras told Reuters.
Bangladesh is also seeking to recover another $2.7 million frozen by the Philippines' casino regulator.
Bangladesh Bank's assistant spokesperson Anwarul Islam on Monday afternoon told bdnews24.com that the bank had also heard about the Philippines court's order.
"We will brief the media on this at a press conference at 5pm," he said.
