Ecuador cyber heist
27 May, 2016, 12:00 am
CYBER thieves who stole $US12 million ($F25m) from an Ecuadorian bank in 2015 routed the funds through 23 companies registered in Hong Kong, some of them with no clear business activity, according to previously unreported court filings and judicial rulings.
The court papers offer a first glimpse into where some of the money was moved after it reached accounts in Hong Kong.
The filings stem from a lawsuit filed in early 2015 by Ecuador’s Banco del Austro (BDA) in Hong Kong against the web of companies that received or handled more than $US9m ($F19m) in stolen funds, bank records submitted to the territory’s Court of First Instance show.
The BDA lawsuit alleged the companies had been “unjustly enriched” and sought recovery of the money.
The remaining $US3m ($F6m) was routed to entities in Dubai and elsewhere, according to separate court filings in the US.
Those transfers are not the subject of litigation in Hong Kong.