Thu, 01 Jun 2023

DHAKA, Bangladesh - A Dhaka court on Tuesday ordered the Criminal Investigation Department (CID) to submit its investigation report regarding the $101 million heist from the Bangladesh Bank's reserve on August 17.

It is the 64th time the submission of the probe report has been postponed.

Metropolitan Magistrate Muhammad Arafatul Rakib issued the order after CID's Additional Superintendent of Police Rehan Uddin Khan, the case's investigating officer, failed to submit the report to the court.

In February 2016, hackers stole $101 million from Bangladesh Bank's account at the Federal Reserve Bank of New York.

$81 million of the stolen funds were transferred to four RCBC accounts in Manila, and another $20 million was transferred to a bank in Sri Lanka.

However, the transfer of $20 million to Sri Lanka was halted due to a spelling error on the part of the hackers.

Later, the Bangladesh central bank could only retrieve about $15 million from the Philippines.

In March 2016, Bangladesh Bank Deputy Director (accounts and budgeting) Zobayer Bin Huda filed a case with Motijheel police station under the Money Laundering Act, the Information and Communication Technology Act, and the Penal Code.

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