The New York Appellate Division denied RCBC’s motion to transfer the case to a more convenient jurisdiction, meaning the case will continue in New York.
RCBC said in a stock exchange filing on Friday it was informed of the decision from the New York court after the close of business hours the previous day.
On May 27, 2020, Bangladesh Bank filed a complaint against RCBC, its officers and other parties before the Supreme Court of New York.
The charges included theft, aiding theft, conspiracy, fraud, conspiracy to commit trespass, unjust enrichment, and return of stolen money.
Bangladesh Bank filed cases to recover $81 million stolen in 2016 by alleged North Korean hackers, some of which was routed through New York banks before being wired to fictitious accounts at RCBC.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
