Countersuit: RCBC files defamation case vs Bangladesh Bank

Yuchengco family-led Rizal Commercial Banking Corp. (RCBC) has slapped the central bank of Bangladesh with a defamation suit at a local court, complaining of what it described as "baseless" allegations of complicity in relation to the $81-million cyberheist that victimized Bangladesh Bank in 2016. RCBC filed the civil complaint on March 6 with the Makati City Regional Trial Court (RTC), arguing that its "reputation has come under the vicious and public attack by Bangladesh Bank since 2016." "It is public knowledge that Bangladesh Bank has embarked on a massive ploy and scheme to extort money from plaintiff RCBC by resorting to public defamation, harassment and threats geared toward...

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