Kim Wong returns $4.6M money stolen from BB

Philippines Casino junket operator Kim Wong surrendered part of the laundered money worth $4.6 million (P211.6 million) from Bangladesh Bank to the country’s Anti Money Laundering Council (AMLC).

AMLC, with BSP officials and staff manually counted the cash to confirm the amount surrendered.

This could be considered the first tranche of what Sen. Ralph Recto said is an estimated $34 million of $81 million stolen from the Bank of Bangladesh’s reserves in the US Federal Reserve Bank that could still be recovered.

Wong told a senate hearing earlier this week that only $61 million of the hacked loot were used as casino money.

Aside from the $4.6 million returned to AMLC, Wong reportedly still has about $10 million held by his company, Eastern Hawaian Leisure Co. Ltd. that was remitted from Philrem Service Corp.

The Senate has had three hearings so far on the money laundering scandal. The Bangladesh central bank has reportedly asked the BSP for help in retrieving the money.