Bangladesh Bank (BB) Governor Fazle Kabir says the defamation lawsuit, filed by Philippines’ Rizal Commercial Banking Corporation (RCBC) against the central bank, will not create any problem to the efforts to recover the stolen money.

Philippine’s Rizal Commercial Banking Corporation says it filed a defamation suit against the central bank of Bangladesh for “baseless allegation” in connection with the $81-million cyber heist three years ago.

The Rizal Commercial Banking Corporation (RCBC) hires top US law firm Quinn Emanuel to defend the lawsuit filed by Bangladesh Bank with a New York court over the cyber heist of its reserves in which $81 million was stolen nearly three years ago.