Muhith hopeful of getting back stolen reserve money despite delay

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DHAKA, Aug 23, 2017 (BSS) – Finance Minister AMA Muhith today reiterated his optimism about getting back the Bangladesh Bank’s (BB) stolen reserve money from the Philippines despite the delay in the procedure.

“The activities are going on to bring back BB’s stolen money. Though it will take time, we will get back the total money,” he told journalists after a meeting of the Cabinet Committee on Government Purchase (CCGP) at cabinet division in the city.

The minister said the investigation report on the BB’s reserve heist is not being made public for now.

Hackers stole US$101 million Bangladesh Bank’s account with New York’s Federal Reserve Bank. The thieves were able to move about $81 million to accounts in the Philippines and another $20 million to a bank in Sri Lanka.

But they failed to transfer $20 million to Sri Lanka due to a spelling error. BB was able to bring bank $20 million from Sri Lanka. Later, the BB was also able to recover US$15.25 million from the Philippines.

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