Investigation Report on Bangladesh Bank Reserve Heist Due Jan 13

A Dhaka court today scheduled January 13 as the new deadline for submitting the probe report in the case filed over the 2016 Bangladesh Bank (BB) reserve heist.

Dhaka Additional Chief Metropolitan Magistrate Jashita Islam fixed the date after the Criminal Investigation Department (CID), the investigating agency, failed to present the report today.

Case documents state that on February 5, 2016, unidentified hackers stole $101 million from BB’s accounts with the Federal Reserve Bank of New York. Of the stolen funds, $81 million was sent to four accounts at RCBC in the Philippines, while $20 million was routed to a bank in Sri Lanka.

The $20 million transfer to Sri Lanka was thwarted due to a spelling error made by the hackers. BB later managed to recover around $15 million from the Philippines.

Zobayer Bin Huda, then deputy director (accounts and budgeting) of Bangladesh Bank, filed the case with Motijheel Police Station on March 15, 2016.