Yuchengco-led Rizal Commercial Banking Corp. (RCBC) confirmed last Tuesday the receipt of notice containing the summons and complaint filed by the Bangladesh Bank relating to the $81-million cyber-heist back in 2016.
“RCBC received today a Notice from the Regional Trial Court of Makati containing the Summons and the Complaint filed by Bangladesh Bank against the bank and other persons,” the listed bank said in a disclosure to the local bourse.
“The complaint in the State Court is for: conversion, theft, misappropriation; aiding and abetting the same; conspiracy to commit the same; fraud (against RCBC); aiding and abetting and conspiracy to commit fraud; conspiracy to commit trespass against chattels; and, unjust enrichment,” RCBC said. The complaint also seeks the “return of money received.”
In addition, the Bangladesh Bank is seeking compensation for damages brought about by one of the world’s biggest cyber-heists. RCBC is among the defendants of the case.
Apart from RCBC and its former branch manager Maia Santos-Deguito, the other defendants include Lorenzo V. Tan, who was RCBC president at the time of the cyber theft, and then-Treasurer Raul Victor B. Tan.
The other defendants named are: Romualdo S. Agarrado; spouses Michael S. Bautista and Salud R. Bautista; Brigitte R. Capiña; Nestor O. Pineda; Ismael S. Reyes; Gao Shuhua; Kam Sin Wong; William So Go; Angela Ruth S. Torres; Weikang Xu; and, Ding Zhize. John Does 1-25 were also named as defendants.
Other defendants named were the Bautista’s remittance company Philrem Service Corp.; brokerage firm Centurytex Trading; Bloomberry Resorts and Hotels Inc.; and, Eastern Hawaii Leisure Company, Ltd.
RCBC shares fell by 2.70 percent, or 50 centavos, to close at P18 apiece amid the 0.64-percent drop for the main index on Tuesday.