Bangladesh Central Bank Governor resigns over $81m Cyber theft
PrintListen to this Article
0:00
0:00
In Bangladesh, the Reserve Bank Governor Atiur Rahman has resigned today following a $ 80 million cyber theft from the Bank's Reserve Fund Account at the Federal Reserve Bank of New York. Atiur Rahman who has been the Reserve Bank Governor for the second term resigned during a meeting with the Prime Minister Sheikh Hasina a short while ago.
Unknown hackers breached the computer systems of Bangladesh Bank on Feb 4 and wire-transferred around $ 80 million from the Bank's Reserve Fund with the Federal Reserve Bank of New York to accounts of several casinos in Philippines and Sri Lanka. Experts say this is the biggest known bank theft in modern times.
The Governor put in his papers amidst severe criticism by the Finance Minister AMA Muhith that the Finance Ministry was kept in the dark about such a serious issue for almost a month after the cyber crime.
The Finance Minister himself learnt about the bank cyber theft from Phillipine media reports that the country's authorities were investigating a money laundering incident involving Bangladeshi funds. Prime Minister Sheikh Hasina during a cabinet meeting yesterday said the country's image has been tarnished by the cyber theft involving the central bank and blamed evil forces for the same.
Unknown hackers breached the computer systems of Bangladesh Bank on Feb 4 and wire-transferred around $ 80 million from the Bank's Reserve Fund with the Federal Reserve Bank of New York to accounts of several casinos in Philippines and Sri Lanka. Experts say this is the biggest known bank theft in modern times.
The Governor put in his papers amidst severe criticism by the Finance Minister AMA Muhith that the Finance Ministry was kept in the dark about such a serious issue for almost a month after the cyber crime.
The Finance Minister himself learnt about the bank cyber theft from Phillipine media reports that the country's authorities were investigating a money laundering incident involving Bangladeshi funds. Prime Minister Sheikh Hasina during a cabinet meeting yesterday said the country's image has been tarnished by the cyber theft involving the central bank and blamed evil forces for the same.
Category : Banking | Comments : 0 | Hits : 484
The Financial Intelligence Unit-India (FIU-IND), in furtherance of the powers conferred upon the Director FIU-IND under Section 13(2)(d) of the Prevention of Money Laundering Act (PMLA), 2002, has imp...
The government on Monday informed the Lok Sabha that all Scheduled Commercial Banks have written off nearly Rs 10.6 lakh crore in the last 5 years, out of which nearly 50 per cent belong to large indu...
The government has cleared the extension of tenure of managing directors of two public sector lenders -- Bank of Maharashtra (BoM) and Central Bank of India. According to sources, Appointments Co...
Comments