Philippine casino operator Bloomberry Resorts took hits on two different legal fronts on Monday, with one case the company can’t reopen and another it can’t shake.
In March, Bloomberry was celebrating a US District Court’s dismissal of a civil suit filed by the Central Bank of Bangladesh regarding the 2016 theft of $81m from its accounts at the Federal Reserve Bank of New York by parties unknown, who then funneled the money through Manila casinos, including Bloomberry’s Solaire Resort & Casino.
In April, Bangladesh filed an appeal of that ruling, and on Monday, Bloomberry informed investors that the Bank had filed a new civil complaint against the Rizal Commercial Banking Corporation (RCBC) and 16 other Philippine persons/firms, including Bloomberry in New York State Court.
The new complaint alleges conversion/theft/misappropriation; aiding and abetting the same; conspiracy to commit the same; fraud (against RCBC); aiding and abetting and conspiracy to commit fraud; conspiracy to commit trespass against chattels; unjust enrichment; and return of money received.