Bangladesh hopes to recover $30 million more from cyber heist
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. REUTERS/Ashikur Rahman/File Photo
Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.
DHAKA (Reuters) - Bangladesh's central bank hopes to retrieve $30 million more of the $81 million stolen from its account at the New York Federal Reserve in February, two bank officials said on Monday.
Hackers used stolen Bangladesh Bank credentials to try to send three dozen SWIFT messages to transfer nearly $1 billion from its Fed account. They succeeded in transferring $81 million to four accounts at Rizal Commercial Banking Corp in Manila.
Most of the money was laundered through casinos in Manila.
On Friday, Philippine authorities began the process of handing over $15.25 million to Bangladesh.
"We are hoping to get back around $30 million which remains frozen," Bangladesh Bank deputy governor Abu Hena Mohammad Razee Hassan, who heads its financial intelligence unit, told Reuters.
A Bangladesh team was likely to visit the Philippines at the end of the month to accelerate the process, he said.
"We are expecting to get a favorable verdict from Philippines’ Supreme Court as it has already been proved that $81 million is our money," said another Bangladesh Bank official, who asked not to be identified because he was not authorized to talk to the media.
(Reporting by Ruma Paul; Editing by Nick Macfie)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- In fear after attacks, gay Bangladeshis retreat into closet and flee abroad
- BMW seeks to be 'coolest' ride-hailing firm with autonomous car
- Accused Charleston gunman asks judge to reinstate defense team
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!