Wednesday, August 17, 2016

Bangladesh central bank says with holding heist probe info from "foreign perpetrators"

Latest: Corruption and Money Laundering.

Bangladesh’s central bank has said it’s withholding findings of investigations into the hacking heist to avoid tipping off the “foreign perpetrators” of the attack. They’ll meet New York Fed officials this week. (Reuters).
Commuters pass by the front of the Bangladesh
central bank building in Dhaka March 8, 2016.
 
REUTERS/Ashikur Rahman/File Photo

Bangladesh central bank says with holding heist probe info from "foreign perpetrators"


By Krishna N. Das and Karen Lema | MANILA
Bangladesh's central bank has said it is withholding findings of investigations into the cyber theft of $81 million from its account at the Federal Reserve Bank of New York to avoid tipping off the "foreign perpetrators" of the hack.
Bangladesh Bank lawyer Ajmalul Hossain was responding to comments by Rizal Commercial Banking Corp (RCBC) in the Philippines - through which the stolen money was routed before disappearing into Manila's casino industry - that the central bank in Dhaka was wary of releasing reports that could implicate its own officials.
More than six months have passed since hackers broke into the Bangladesh central bank's computer systems in one of the biggest-ever cyber heists.
Most of the $81 million stolen is still missing and the culprits have not been identified, butBangladesh Bank has held RCBC accountable for the loss. It has said it may sue RCBC if other efforts to recover the money are unsuccessful.
"Bangladesh Bank knows enough about what happened from the internal and external reports so far obtained by it and others," the central bank's lawyer Hossain told Reuters late on Saturday.
"This truth is being deliberately withheld from the public domain so as not to allow the foreign perpetrators of the hacking to have knowledge of the investigations."



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