Monday, October 25

CPD for open hearing on Bangladesh Bank fund heist



The standing committee on finance ministry should hold an open hearing over the Bangladesh Bank heist, distinguished fellow of Centre for Policy Dialogue Dr Debapriya Bhattacharya said today.

CPD observes a lack of co-ordination among the government over the issue, Bhattacharya said at a press conference at CIRDAP auditorium in Dhaka this morning.

The CPD organised the press conference on national budget for the 2016-17 fiscal.

Hackers stole US$101 million from the BB account with the Federal Reserve Bank of New York on February 4. Of the amount, $20 million went to a bank in Sri Lanka and the money has been recovered, according to the central bank.

Unidentified hackers stole the money from the Bangladesh Bank’s account at the Federal Reserve Bank of New York and funneled it through a Manila branch of the Rizal Commercial Banking Corp to casinos and gambling agents in the Philippines.