The New York Supreme Court’s Appellate Division has upheld the dismissal of a complaint filed against Philippines-based Bloomberry Resorts & Hotels Inc, owner of Manila’s Solaire Resort Entertainment City, linked to a $101m bank heist in 2016.
$81m of that was allegedly washed via Philippines casinos, including Solaire.
Bangladesh Bank has for years taken on Bloomberry unsuccessfully, trying to recoup the money stolen from it by South Korean hackers. $81m of that was allegedly washed via Philippines casinos, including Solaire.
Bangladesh Bank’s latest complaint was against the April 2022 ruling, in which the Supreme Court declared the Bloomberry case didn’t come under its jurisdiction, despite the stolen money coming from the bank’s account held at the New York City Federal Reserve.
According to the hospitality and casino company on Wednesday, the Appellate Division of the New York Supreme Court on May 20 chose to stick to its original guns and “dismiss the complaint filed by Bangladesh Bank for lack of jurisdiction.”
Bangladesh Bank also challenged Bloomberry in 2020 and failed, with a New York Southern District Judge dismissing the suit for failing to state an adequate claim of violations against the Racketeer Influenced and Corrupt Organizations Act (RICO).
