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Economy

Bangladesh Bank chasing stolen funds in Philippines

Delegation visits Manila to seek assistance retrieving $66mln

Bangladesh sent a senior delegation to Manila to press for the return of $66 million laundered through a Philippine bank and casinos.

MANILA -- Bangladesh Bank wants Rizal Commercial Banking (RCBC) in the Philippines to return the balance of $81 million stolen from the central bank's account in New York early this year.

Bangladeshi Law Minister Anisul Huq led a high-level delegation to Manila to meet Philippine counterparts and seek official assistance retrieving the outstanding $66 million.

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