BSS: Bangladesh Bank (BB) is expected to get back around US$29 million heisted reserve from the Philippines soon since the Philippines court has already delivered a verdict in favour of the central bank.
“Several cases are going on in different Philippines courts for recovering the whole money . . . The defendant has filed an appeal in the higher court against the verdict,” BB’s Deputy Governor Abu Hena Mohd. Razee Hassan told BSS yesterday.
Hackers stole a total $101 million from
Bangladesh’s account at the New York Fed in February 2016. Of the amount, $81 million was transferred to four accounts at RCBC in Manila and another $20 million to a bank in Sri Lanka.
But the transfer of $20 million to Sri Lanka failed because of a spelling error by the hackers. Later, BB was able to retrieve about $15 million from the Philippines.
Rest of the $66 million, Razee Hassan said, around $51 million heisted money has already been identified.
“Another court will also give its verdict on the rest on the indentified money and I hope that the verdict will also come in favour of the central bank,” he added.