PHILIPPINE BANK ACCUSES BANGLADESH

Philippine Bank accuses Bangladesh of heist ''cover-up''.

Manila : the Philippine bank- through which US$81 million stolen from Bangladesh's central bank was channeled in February 2016-

Has accused Dhaka's monetary authority of covering up its negligence and demanded that it stop making the bank a ''scapegoat''.

Rizal Commercial Banking Corp [RCBC]  was responding to comments on Saturday by Bangladesh Finance Minister Abdul Maal A Muhith who said he wanted to ''wipe out'' the Manila-based bank.

The comments follow a story that Bangladesh Bank  [BB]  had asked the New York Federal Reserve of  New York to join a lawsuit it was considering filing against RCBC seeking damages.

''RCBC has revealed everything legally it could to the [Philippines Senate and its regulators, the  Bangko Sentral ng Pilipinas.

BB, however, has concealed everything it could The contrast is telling,'' said George dela Cuesta, head of legal affairs at RCBC.