Report submission on BB reserve heist deferred again

TIMES Report
1 Min Read
Bangladesh Bank. Photo: Collected

The submission of the investigation report on the 2016 Bangladesh Bank reserve heist has once again been postponed, marking the 88th time the report has been delayed.

On Tuesday, Dhaka’s Additional Chief Metropolitan Magistrate Zakir Hossain set a new date for the submission, scheduled for 29 September.

The report, originally due on Tuesday, was not submitted as planned by the Criminal Investigation Department (CID), prompting the court to reschedule the deadline.

On February 4, 2016, cybercriminals siphoned off $101 million from Bangladesh Bank’s reserve account at the Federal Reserve Bank of New York. The stolen funds were subsequently laundered and transferred to the Philippines.

In the wake of the heist, Zobayer Bin Huda, the deputy director of Bangladesh Bank’s Accounts and Budgeting Department, lodged a case with Motijheel Police Station on March 15, 2016, under the Money Laundering Prevention Act.

The court had instructed the CID to investigate the incident and present a report, but it continues to be delayed.

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *