Cyber-heist ex-banker found guilty

11 January 2019 | Ekonomie
A Philippine ex-banker was handed a lengthy jail term and US$109 million fine Thursday (10 January 2019) in the first conviction over one of the biggest ever cyber-heists which saw US$81 million stolen from Bangladesh's central bank.

Shadowy hackers transferred the cash in 2016 from Bangladesh's US accounts to Philippine bank Rizal Commercial Banking Corp (RCBC), where it was swiftly withdrawn. The theft exposed the Philippines as a haven for dirty money, where some of the world's strictest bank secrecy laws protect account holders from scrutiny.

A Manila court found Maia Deguito, who was an RCBC branch manager where the money landed, guilty on eight counts of money laundering which carry a minimum of four years each behind bars.

The court also ordered her to pay US$109 million in fines. Deguito plans to appeal and can remain free on bail until the conviction is finalised.

Authorities charged that Deguito helped coordinate the transfer of the money, which was taken from Bangladesh's reserves account at the Federal Reserve bank in the United States. Deguito is the only person who has been convicted in the case -- which has drawn international concern -- her lawyer Demetrio Custodio told AFP, adding that his client had been turned into a scapegoat.

"She could not have done this on her own. A bank the size of RCBC could not have allowed a lowly bank officer to have planned this, so there are others involved in this," Custodio said. RCBC said in a statement that it was a "victim" and that Deguito was a "rogue" employee. The Philippine justice department said the case was not closed, but could not immediately provide details on other cases.

A North Korean hacker is also wanted by the United States on charges he and a state-sponsored hacking crew masterminded the Bangladesh heist. Only US$15 million of the money was recovered after it landed in the Philippines and was quickly dispersed. Tens of millions of the loot disappeared into Manila's casinos, which were at the time exempt from rules aimed at preventing money laundering. The Philippine central bank imposed a record US$21 million fine on RCBC after the discovery of the heist as it investigated the lender's alleged role in the theft.

The US reserve bank, which manages the Bangladesh Bank account, has denied its own systems were breached. -Nampa/AFP

Soortgelyk

 

Polisie konfiskeer kerk se luidsprekers in Oshakati

21 ure gelede | Plaaslik

Die polisie het luidsprekers wat aan die New Jerusalem Ministry in Oshakati se informele nedersetting Oneshila behoort, vandeesweek ná klagtes van rusverstoring gekonfiskeer.Volgens inspekteur Thomas...

Olifante beskadig optiese kabels naby Khorixas

22 ure gelede | Plaaslik

‘n Trop olifante het inwoners in die Noorde van die land sonder landlyn- en selfoonverbinding gelaat, nadat die optiese kabel tussen Omatjete en Khorixas Donderdagmiddag...

Skietklub lê weer aan

1 dag gelede | Howe

Denver Kisting - Mnr. Norman Tjombe, die regsverteenwoordiger van die Rehoboth-skietklub, het vanoggend (Vrydag) bevestig sake is terug na normaal.Dít kom nadat die Namibiese weermag...

'Boere se veglus verdwyn'

1 dag gelede | Landbou

Ronelle Rademeyer en Elvira Hattingh - Twee bekende boere van die Suide sê die droogte het boere op hul knieë.“Ek was gister by ’n veiling...

Egpaar herontdek skaars plantjie

1 dag gelede | Omgewing

Denver Kisting – ’n Dekaan by die Namibië Universiteit van Wetenskap en Tegnologie (Nust), dr. Rolf Becker, en sy vrou, me. Alma Moller, het verlede...

Kalender 18 Januarie

1 dag gelede | Kuns en vermaak

Nou aan die gang» Die Nasionale Kunsgalery van Namibië (NAGN) bied met trots Unam se beeldende kunste-uitstalling vir 2018 aan. Dié uitstalling is tans...

'DRK maak staat op ons'

1 dag gelede | Politiek

Inwoners van die Demokratiese Republiek van die Kongo (DRK) maak staat op lande deel van die Suider-Afrikaanse Ontwikkelingsgemeenskap (SADC) om die land weer op die...

Operasie Hornkranz: Meer misdaad aangemeld

1 dag gelede | Misdaad

Augetto Graig Die Namibiese polisie het Woensdag by die Israel Patrick Iyambo-polisiekollege in Olympia terugvoering gegee aan die visepresident, mnr. Nangolo Mbumba, en die...

Weer vir 18 Januarie

1 dag gelede | Weer

BINNELAND: Sonnig en warm tot baie warm in die //Kharasstreek, andersins gedeeltelik bewolk en baie tot bloedig warm met 'n paar tot geïsoleerde donderbuie in...