BB reserve heist

Manila court clears ‘execution suit’ to send back $15.25m

A Manila court has cleared the 'execution suit' outlining the procedures for sending back $15.25 million of Bangladesh Bank's reserve heist money from the Philippines, reports BSS.
"The 'execution suit' has outlined the whole procedure for sending back the money from Manila," Bangladesh Bank deputy governor Abu Hena Mohammad Razee Hassan told the news agency yesterday.
"We are expecting that the whole process will be completed very soon and the money will be sent back as early as possible," he added.
According to BB, the recovered amount is now at the Philippines central bank vault. "A Manila court declared Bangladesh as the rightful owner of the funds, totalling $15.25 million," a report from the Philippines capital said earlier quoting chief state counsel of the Philippines' Department of Justice Ricardo Paras III as saying.
After the return of the money from Manila, the total recovered amount will stand at $35.25 million as BB was able to bring back $20 million earlier from Sri Lanka.
Unknown hackers stole a total of $101 million from Bangladesh's account at the New York Fed on February 4 this year. 
They were able to transfer $81 million to four accounts at Rizal Commercial Banking Corp in Manila and another $20 million to a bank in Sri Lanka. 
But the transfer of $20 million to Sri Lanka was failed because of a spelling error by the hackers.
Meanwhile, Bangladesh sat with Swift and the US Fed for several at Switzer-land and New York seeking their association in recovering stolen money from Manila and investigation leading to finding out perpetrators of the biggest-ever cyber heist in the banking history. 
Bangladesh’s Criminal Investigation Department and US Federal Bureau of Investigation also initiated a probe into the heist. 
On the part of the Bangladesh government, an investigation, led by former BB governor Mohammad Farasuddin, has already been conducted. 
The final report will be made public on Thursday.
 It will be posted on the finance ministry’s website (www.mof.gov.bd).

BB reserve heist

Manila court clears execution suit to send back $15.25m

A Manila court has cleared the execution suit outlining the procedures for sending back $15.25 million of Bangladesh Banks reserve heist money from the Philippines, reports BSS. The execution suit has outlined the whole procedure for sending back the money from Manila, Bangladesh Bank deputy governor Abu Hena Mohammad Razee Hassan told the news agencyyesterday. We are expecting that the whole process will be completed very soon and the money will be sent back as early as possible, he added. According to BB, therecovered amount is nowat the Philippines central bank vault. A Manila court declared Bangladesh as the rightful owner of the funds, totalling $15.25 million, a report from the Philippines capital said earlier quoting chief state counsel of the Philippines Department of Justice Ricardo Paras III as saying. After the return of the money from Manila, the total recovered amountwill stand at $35.25 million as BB was able to bring back $20 million earlier fromSri Lanka. Unknown hackers stole a total of $101 million from Bangladeshs account at the New York Fed on February4 this year. They were able to transfer $81 million to four accounts at Rizal Commercial Banking Corp in Manila and another $20 million to a bank inSri Lanka. But the transfer of $20 million to Sri Lanka was failed because of a spelling error by the hackers. Meanwhile, Bangladesh sat with Swift and the US Fed for several at Switzer-land and New York seeking their association in recovering stolen money from Manila and investigation leading to finding out perpetrators of the biggest-ever cyber heist in the banking history. Bangladeshs Criminal Investigation Department and US Federal Bureauof Investigation alsoinitiated a probe intothe heist. On the part of the Bangladesh government, an investigation, led by former BB governor Mohammad Farasuddin, has already been conducted. The final report willbe made public on Thursday. It will be posted on the finance ministrys website (www.mof.gov.bd).