Monday, October 25

Action against Bangladesh Bank says Finance Minister


 

 

The finance ministry will take action against Bangladesh Bank for not formally informing the government about the bank’s $101 million cyber heist, Finance Minister AMA Muhith said today.

The central bank has showed audacity by not informing this to the government, Muhith told reporters at his ministry office this afternoon. The minister came up with the remark after hackers stole $101 million last month from a Bangladesh Bank account at New York Federal Reserve Bank.

I will talk with the prime minister within one or two days in this regard, he said. Meanwhile, Banking Division Secretary M Aslam Alam said that they will hold an emergency meeting with the central bank’s board members on Tuesday (March 15) on this issue.

He informed this to the reporters after holding a meeting with the bank’s deputy governors. “We sat in meetings several times with Bangladesh Bank officials on February 23. But they did not inform me anything about the heist,” Aslam Alam added.

He added that Philippines authorities already informed that there were only US$ 68,000 in the frozen accounts there. The rest of the US$ 81 million hacked from the bank went out of the banking channel, he said.