BB reserve heist investigators fail to file report again

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Bangla Tribune Report
Published : 13:28, Jan 23, 2020 | Updated : 13:30, Jan 23, 2020

Commuters walk in front of the Bangladesh central bank building in Dhaka, Bangladesh, Sept 30, 2016. REUTERS/FILE PHOTOA Dhaka court has fixed a new date to submit the probe report over the Bangladesh Bank (BB) reserve heist case that took place in 2016.



The placing of a new date has delayed the probe report submission for a consecutive 40th time.
Dhaka Metropolitan Magistrate Sadbir Yasir Ahsan Chowdhury set Feb 24 as the new date for submission, as the investigation agency Criminal Investigation Department (CID) failed to submit its report on Thursday (Jan 23).
Hackers stole $101 million from BB’s accounts with the Federal Reserve Bank of New York in February 2016. Of the stolen amount, $81 million was transferred to four accounts with Rizal Commercial Banking Corporation (RCBC) in Manila, and another $20 million to a bank in Sri Lanka.
However, the transfer of $20 million to Sri Lanka failed because of a spelling error by the hackers. Later, the BB was able to retrieve only about $15 million from the Philippines.
Bangladesh Bank Deputy Director (accounts and budgeting) Zobayer Bin Huda filed the case with Motijheel Police Station on March 15, 2016.
The case was filed under the Money Laundering Act, Information and Communication Technology Act, and the Bangladesh Penal Code.

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