1st August 2016
Bangladesh plans to ask legislators in Manila to revive a probe into the disappearance of US$81 million of the South Asian nation’s reserves via the Philippine banking system and at least two local casinos. Two officials from the Bangladesh central bank will meet with Senate President Koko Pimentel later Monday… Read More
29th July 2016
The Federal Reserve Bank of New York has asked the Philippines’ central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka’s efforts to retrieve the money. In a letter sent on June 23, the… Read More
26th July 2016
The Bangladesh central bank said on Tuesday its Philippine counterpart had nearly completed an investigation into how $81 million of its money wound up in a Manila bank, and that it hoped for the swift return of the stolen funds. Governor Fazle Kabir told reporters he hoped the Philippine authorities… Read More
21st July 2016
The eldest son of Bangladesh’s opposition leader and former premier Khaleda Zia was today sentenced to seven years in prison for laundering nearly $2.5 million. The High Court overturned a trial court’s verdict that acquitted Tarique Rahman, 48, from money laundering charges. The court sentenced him to seven years in… Read More
27th June 2016
Former Bangladesh Bank governor Mohammed Farashuddin has lamented that the nation was losing foreign exchange to laundering and called for preventive steps. Read More
22nd June 2016
The former governor of Bangladesh’s central bank, from which $81 million was stolen in February, says that flaws in the global money transfer system — and not any misstep by him — are to blame for the brazen cyberheist. In an interview… Read More
16th June 2016
The U.S. attorney’s office in Manhattan has opened an investigation of the cyber heist of $81 million from Bangladesh Bank’s account at the Federal Reserve Bank of New York, a law enforcement source said. Preet Bharara, the U.S. attorney for the Southern District of New York, is investigating the February… Read More
6th June 2016
Hours before the Federal Reserve Bank of New York approved four fraudulent requests to send $81 million from a Bangladesh Bank account to cyber thieves, the Fed branch blocked those same requests because they lacked information required to transfer money, according to two people with direct knowledge of the matter. Read More
18th April 2016
The Anti-Corruption Commission is looking into allegations of Tk17 crore embezzlement in three projects at the Mongla port. Read More
1st April 2016
A Chinese casino junket operator on Thursday returned $4.63 million of the $81 million that hackers stole from the Bangladesh central bank’s account in the US Federal Reserve Bank and laundered in Manila’s casinos, officials said. Read More