HALISTER1: MORE: Casino Man in $81m Heist to Return $14.3m to Bangladesh

MORE: Casino Man in $81m Heist to Return $14.3m to Bangladesh

(Bloomberg) -- Casino junket operator Kim Wong linked to $81m cyber heist willing to return as much as $14.3m he received from 2 Chinese nationals linked to stolen funds, Wong says at Senate hearing in Manila.
  • Wong to surrender through his lawyer $4.6m to Anti-Money Laundering Council, fund is lodged in a junket account in Solaire casino
  • Wong said he’s willing to return 450m pesos in debt payment made by 1 of 2 Chinese nationals who is his business associate
  • “This is a positive step,” Bangladesh envoy John Gomes says. “We appreciate what the Senate is doing.”
  • Senate Blue Ribbon Committee orders Anti-Money Laundering Council to submit details of fictitious accounts where $81m in stolen Bangladesh reserves were transferred
  • Lawmakers investigating cyber heist issued order after Rizal Bank refused to disclose accounts, citing Bank Secrecy Act
  • Law does not protect fictitious persons who own accounts, Senator Aquilino Pimentel says at hearing
  • Anti-laundering agency got court order on March 1 to freeze and examine dollar accounts
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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