Dhaka, Sept. 22 -- A Dhaka court has ordered the confiscation of $81 million from the Philippines' Rizal Commercial Banking Corporation (RCBC), nearly a decade after the notorious 2016 Bangladesh Bank reserve heist.

The order, issued last Thursday (18 September), was disclosed on Sunday by Criminal Investigation Department (CID) chief Md Sibgat Ullah at a press conference in the capital. A copy of the order has already been sent to RCBC officials in Manila.

The directive was made under Section 17(2)(7) of the Money Laundering Prevention Act, 2012, following an application by CID investigators.

The agency said its probe established that senior RCBC officials-including then-president and CEO Lorenzo Tan, Jupiter Branch manager Maia Santo...