11 Sep 2016
The Philippines’ department of justice has ended primary investigation in the cyber highest of the largest-ever amount of money Bangladesh Bank account of New York Federal reserve.
At least 81 million dollars of the stolen money was en-cashed in Manila.
The Daily Inquirer reported that the probe was related to the money laundering charges involving the $81 million stolen by hackers from the Bangladesh Bank and laundered into Philippines.
The newspaper reported quoting Assistant State Prosecutor Gilmarie Fe Pacamarra that three consolidated complaints filed by Anti-Money Laundering Council against former Rizal Commercial Banking Corp. branch manager Maia Santos-Deguito and four others; casino junket operators Kam Sin Wong alias Kim Wong and Weikang Xu; and executives of remittance firm Philrem Service Corp. are now submitted for resolution after conducting preliminary investigation hearings for four months.
Pacamarra said a resolution may be issued within a month.
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