The Philippines may still recover 40 percent or about $34 million of the $81 million stolen by hackers from Bangladesh Bank, according to Sen. Ralph Recto.
The senator raised the possibility after learning during the Senate hearing that not all of the $81 million was laundered successfully in Philippine casinos.
Recto said that there is a chance that $34 million can be retrieved if local authorities will zero in on the paper trail established during the Senate hearings.
Kim Wong admitted on Tuesday when he testified before the Senate Blue Ribbon Committee that only about $61 million found its way to Philippine casinos.
Wong said about $17 million is still with Philrem Corp., the remittance firm responsible for transferring the stolen money from the Rizal Commercial Banking Corporation to different accounts and individuals.
Recto said Wong also told the senators that he is ready to surrender to Philippine authorities the entire P450 million or about $10 million that his firm, Eastern Hawaii Leisure Co. Ltd., received from the loot.
Aside from the $17 million allegedly with Philrem and the $10 million with Wong, Recto noted that almost $7 million of the stolen money had been traced and may be recovered from the casinos.