Authorities have confiscated $81 million from Rizal Commercial Banking Corporation in the Philipines in connection with the 2016 cyber heist of Bangladesh Bank鈥檚 foreign reserves.
The Criminal Investigation Department confirmed the news on Sunday, stating that the seizure was executed through a court order as part of the ongoing legal proceedings into the case.
Additional inspector general of police and CID chief Md Sibgat Ullah is scheduled to hold a press conference in the afternoon at the CID headquarters in Malibagh to provide further details.
This was one of the largest cyber robberies in history.
On February 4 in 2016, $81 million of Bangladesh Bank reserve was stolen from the Federal Reserve Bank of the United States through a SWIFT code.
The transferred money was sent to three casinos in the Philippines.
Earlier, $15 million of the amount was recovered from the owner of one of the casinos, and the Philipine government returned it to the Bangladesh government.