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Can't comment, it's sub judice, says Finance Minister

Published : Wednesday, 23 June, 2021 at 9:34 PM  Count : 276

Can't comment, it's sub judice, says Finance Minister

Can't comment, it's sub judice, says Finance Minister

Finance Minister AHM Mustafa Kamal has refused to comment on recent report run by BBC on US$ 101million-heist from Bangladesh Bank by hackers, saying the matter is sub judice.

"I don't want to comment on the issue as this is sub-judice as trial is ongoing in court," he told reporters on Wednesday during a press briefing on the outcomes of the Cabinet Committee on Public Purchase, reports UNB.

The BBC recently ran a number of stories on the money heist by cyber hackers from the country's central bank.

It detailed how the hackers did the robbery in February 2016 with a target to illegally transfer close to US$1 billion from the Federal Reserve Bank of New York account belonging to Bangladesh Bank.

They were successful in transferring US$101 million, with US$20 million traced to Sri Lanka and US$81 million to the Philippines. The money transferred to Sri Lanka has since been recovered.

But no success came in recovering money from Rizal Commercial Banking Corporation (RCBC) of Philippines and finally Bangladeshi filed a legal case against the Pilipino bank in U.S. District Court for the Southern District of New York, which remains pending in the legal process.

Responding to another question, Mustafa Kamal informed that the Health and Family Welfare Ministry is responsible to move further if Indian Serum Institute fails to provide its committed Covid-19 vaccine against Bangladesh's payment.

“India is also struggling with Covid-19 pandemic like ours. So they will take a decision considering all aspects to seek money back if the Serum fails to execute the deal”, he said.

On a question on meeting the national budget deficit of 6.2 per cent in the coming fiscal 2021-22, the finance minister said many developed and developing countries have huge budgets like 18.72 per cent in the USA, 13.7 per cent in India, 12.9 per cent in Japan and 6.2 per cent in Vietnam.

But Bangladesh has been successful in South Asia to make the highest economic growth with rising exports, foreign exchange reserves and remittance, he said.

He noted that he did not receive any proposal from BGMEA and BKMEA to provide further stimulus packages to help them.

He said there are huge challenges in implementation of the new budget while opportunities are also being created through it.


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