Hearing on returning $15m reserve heist money soon

Bangladesh Bank(BB) is expecting a hearing date soon to wrap up the process of bringing back US$15 million out of $81 million stolen from its reserve from the Philippines, reports BSS.
On August 26, the Department of Justice of the Philippines applied to a court there under Mutual Legal Assistance (MLA) Request sent by Bangladesh to complete the formalities of returning US$15 million, BB’s deputy governor Abu Hena Mohd Razee Hassan told the news agency.
“We are waiting to have a hearing date soon to wrap up the process,” he added.
Earlier, BB sent affidavit and other necessary documents to the offices concerned of the Philippines for applying to a court of the Philippines within a scheduled time from August 16 to 30 to bring back the money.
BB has constantly been maintaining contact with the Department of Justice and Anti-Money Laundering Council (AMLC) of the Philippines. Besides, other related documents were supplied from BB to send those to Bangladesh embassy in the Philippines through diplomatic channel.
According to BB, a joint motion was filed with a court by Filipino-Chinese businessman Kim Wong and the AMLC to return the $15 million returned by Kim Wong. The court issued Partial Forfeiture Order on July 1 that created the scope for BB to get back the amount.
BB said computer hackers attempted to steal $1, 926 million more from Bangladesh’s account at the New York Fed in February this year. But the thieves were able to move about $81 million to accounts in the Philippines and another $20 million to a bank in Sri Lanka.

Hearing on returning $15m reserve heist money soon

Bangladesh Bank(BB) is expecting a hearing date soon to wrap up the process of bringing back US$15 million out of $81 million stolen from its reserve from the Philippines, reports BSS. On August 26, the Department of Justice of the Philippines applied to a court there under Mutual Legal Assistance (MLA) Request sent by Bangladesh to complete the formalities of returning US$15 million, BBs deputy governor Abu Hena Mohd Razee Hassan told the news agency. We are waiting to have a hearing date soon to wrap up the process, he added. Earlier, BB sent affidavit and other necessary documents to the offices concerned of the Philippines for applying to a court of the Philippines within a scheduled time from August 16 to 30 to bring back the money. BB has constantly been maintaining contact with the Department of Justice and Anti-Money Laundering Council (AMLC) of the Philippines. Besides, other related documents were supplied from BB to send those to Bangladesh embassy in the Philippines through diplomatic channel. According to BB, a joint motion was filed with a court by Filipino-Chinese businessman Kim Wong and the AMLC to return the $15 million returned by Kim Wong. The court issued Partial Forfeiture Order on July 1 that created the scope for BB to get back the amount. BB said computer hackers attempted to steal $1, 926 million more from Bangladeshs account at the New York Fed in February this year. But the thieves were able to move about $81 million to accounts in the Philippines and another $20 million to a bank in Sri Lanka.