BB heist probe report submission delayed for 37th time

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Bangla Tribune Report
Published : 15:23, Sep 17, 2019 | Updated : 17:12, Sep 17, 2019

Commuters walk in front of the Bangladesh central bank building in Dhaka, Bangladesh, Sept 30, 2016. REUTERS/FILE PHOTOPolice investigating the cyber heist of Bangladesh Bank's reserves in New York, US have failed to submit a report to court for the 37th time since the case was started in 2017.
On Tuesday (Sept 17), a Dhaka metropolitan magistrate fixed Oct 20 as the new deadline for submission as the investigating officer sought more time.
Bangladesh bank started the case with Motijheel police in February 2017 after hackers pulled off the largest heist in modern banking history when they $81 million from its account with the Federal Reserve Bank of New York in 2016.
The Criminal Investigation Department (CID) is in charge of probing the case filed under Money Laundering Prevention Act and the ICT Act.
About $15 million of the stolen reserves that made it to Manila-based Rizal Commercial Banking Corp was returned to Bangladesh, and efforts to recover the rest are continuing.
The high-profile theft raised questions globally about the efficiency of systems to secure transaction between banks.

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