Tuesday, May 26, 2020 | ePaper

BREAKING NEWS:

Submission of BB heist report deferred again

  • Print
Court Correspondent :
A Dhaka court on Tuesday fixed October 20 as the new date for submission of the probe report over the Bangladesh Bank (BB) reserve heist that took place in 2016. The date is thus given for the consecutive 37th time.
Dhaka Metropolitan Magistrate Sadbir Yasir Ahsan Chowdhury passed the order as the investigation agency- Criminal Investigation Department (CID) - failed to submit its report yesterday.
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, Bangladesh Bank was able to retrieve only about $15 million from the Philippines.
Meanwhile, transfer of $20 million to Sri Lanka failed because of a spelling error by the hackers. Later, the central bank 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 Bangladesh Penal Code.
The government has not disclosed yet the Farashuddin-led committee's investigation report on Bangladesh Bank reserve heist that took place due to unprotected security systems and irresponsibility of the central bank officials.
This cyber heist took place around three and a half years ago, on the night of February 4, 2016. Bangladesh Bank discovered the theft the next day, but after learning about the theft of foreign currency reserves, the governor of Bangladesh Bank at the time, Atiur Rahman, concealed the matter from the government for 24 days.
In fact, it was on the 33rd day after the heist that the central bank officially informed the finance minister about the matter.
The inquiry committee was formed on March 15 that year, headed by former governor of Bangladesh Bank, Mohammad Farashuddin. On that day the bank filed a case with the Motijheel police station.
The next day the case was handed over to the police's Criminal Investigation Department (CID).

More News For this Category

Dr Zafrullah tests `positive` for coronavirus

Dr Zafrullah tests `positive` for coronavirus

Gonoshasthaya Kendra founder Dr Zafrullah Chowdhury on Monday said he was diagnosed with coronavirus.  Dr Zafrullah told reports that he was tested with Rapid Dot Blot kit developed by Gonoshasthaya

Virus casts shadow on Eid as cases surge by daily record; deaths top 500

Virus casts shadow on Eid as cases surge by daily record; deaths top 500

The COVID-19 outbreak has put a further damper on muted Eid-ur-Fitr celebrations in Bangladesh after another 1,975 people tested positive for the infection, the most in a daily count, taking

Brazil says US travel restrictions based on ``technical criteria``

From CNN`s Taylor Barnes in Atlanta : A new Trump administration ban announced Sunday for passengers coming to the US from Brazil wont undermine ``important`` cooperation between the two countries,

President offer Eid prayers at Bangabhaban

President offer Eid prayers at Bangabhaban

President Abdul Hamid offered his Eid-ul-Fitr prayers at Bangabhaban Durbar Hall on Monday morning instead of the National Eidgah this year due to the coronavirus pandemic.   This Eid-ul-Fitr`s prayers

Economic activities have to be resumed for livelihoods: PM

Economic activities have to be resumed for livelihoods: PM

Prime Minister Sheikh Hasina on Sunday said economic activities have to be resumed for the sake of the lives and livelihoods of people.  ``Most countries of the world have already

Hong Kong police fire tear gas as protesters decry China security law plan

Hong Kong police fire tear gas as protesters decry China security law plan

Police in Hong Kong have fired tear gas and water cannon at protesters rallying against China`s plans to impose a new security law on the territory.Thousands of demonstrators have been

Coronavirus: Bangladesh sees highest 28 deaths in a day

Coronavirus: Bangladesh sees highest 28 deaths in a day

UNB, Dhaka : Bangladesh on Sunday recorded its highest number of deaths as fast spreading coronavirus claimed 28 more lives in the last 24 hours, raising death toll in the

Letting people leave Dhaka amid coronavirus outbreak `suicidal move`, experts

Letting people leave Dhaka amid coronavirus outbreak `suicidal move`, experts

The government`s decision to allow people to travel to their village homes to celebrate Eid is a `suicidal move` amid the coronavirus outbreak, which will help the virus spread to

Eid to be celebrated in 40 Chandpur villages on Sunday

Chandpur, UNB : Residents of 40 villages in Chandpur district will celebrate Eid-ul-Fitre on Sunday amid much enthusiasm and religious fervour .  The villagers of Hajiganj, Faridganj, Matlab North, Kachua

Apex Group boss Manzur Elahi, wife Niloufer of Sunbeams school contract coronavirus

Apex Group boss Manzur Elahi, wife Niloufer of Sunbeams school contract coronavirus

Syed Manzur Elahi, one of the leading businessmen in Bangladesh, and his wife Niloufer Manzur, the founding head of Sunbeams school, have caught COVID-19.Niloufer has been admitted to the Combined