Update March 15, 2016

Dhaka 1-37 am, 19-January, 2021

Bangladesh Bank governor Atiur resigns over $81 M heist

Sumel Sarker

atiur rahman43

Amid criticism over $81 million heist from Bangladesh Bank account with the New York Federal Reserve Bank, BB Governor Atiur Rahman says he is ready to quit.

15 March 2016, Nirapad News: Dr Atiur Rahman has submitted resignation as Bangladesh Bank (BB) Governor amid criticism over heist from reserve account in US Federal Bank.

A reliable source in Prime Minister’s office confirmed the matter adding, Dr Atiur has submitted resignation to PM on Tuesday.

Bank robbers successfully made five transfers out of the Bangladesh bank’s account at the New York Federal. The request appeared to come from a Bangladesh server, and they supplied the correct bank codes to authenticate the transfers, the New York Fed said.

Of the $101 million they stole, $80 million ended up in accounts located in the Philippines, and $21 million went to Sri Lankan accounts.

The Bangladesh Central Bank said it has recovered all the money it lost to Sri Lankan accounts, and has successfully frozen the accounts in the Philippines. It is “working closely” with the Philippine’s Financial Intelligence agency to recover the money.

The robbers tried to steal $850 million more, but the New York Fed denied those transactions.

The funds were stolen on February 5. They were being held by the New York Fed, which maintains that it was not hacked.

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