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Court wants BB reserve heist report by Dec 23

Published : Thursday, 21 November, 2019 at 12:00 AM  Count : 532
Court Correspondent

A Dhaka court on Wednesday fixed December 23 for submitting the probe report on 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 39th times.
Dhaka Metropolitan Magistrate Sarfuzzaman Ansari fixed the new date for submission of the report as the investigation agency Criminal Investigation Department (CID) failed to submit its report on Wednesday.
Hackers stole $101 million from BB's account 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 in 2016.

The case was filed under the Money Laundering Act, Information and Communication Technology Act and Bangladesh Penal Code.
Criminal Investigation Department (CID) is now probing the case.

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