Advertisement

Bloomberry unit says it was a victim, not complicit in cyberheist

Font Size

Bloomberry-Resorts-Corp_logo

A UNIT of Bloomberry Resort Corp. said it will defend itself in court, after it was named one of the defendants in the case filed by the Bangladesh central bank in Manhattan in connection with the $81-million cyberheist in 2016.

In a disclosure to the stock exchange on Wednesday, Bloomberry said its gaming subsidiary Bloomberry Resorts and Hotels, Inc. (BRHI) received a copy of a summons in a civil action issued by a US court titled, “Bangladesh Bank v. Rizal Commercial Banking Corporation (RCBC), et al.”

“(T)he complicity and negligence of people and companies that allowed the funds to be stolen, moved and converted before they reached BRHI were the proximate causes of the loss of Bangladesh Bank. BRHI was a victim and was not complicit in this case,” the company said.

BRHI was listed as one of the 17 local firms and individuals cited as defendants in the case.

The civil case seeks to collect the amount allegedly lost by Bangladesh Bank during the incident. To recall, $81 million worth of funds were stolen by unidentified hackers in 2016 from the Bangladesh central bank’s account with the US Federal Reserve in New York. The money was transferred to a Manila branch of RCBC, which was then withdrawn and laundered through local casinos.

While saying that it will defend itself in the case, BRHI reiterated that it has already explained that it had no knowledge that the funds remitted to the company and used to purchase gaming chips in Solaire Resort and Casino’s gaming floor and junket rooms were stolen.

BRHI said it has already given a full account of the funds that went through its bank account, including the identity and passport of all people involved. — Arra B. Francia









Advertisement