Update March 13, 2016

Dhaka 3-58 pm, 20-January, 2021

RAB ‘probing’ BB heist suo moto

Sumel Sarker

bangladesh bank bb

RAB ‘probing’ BB heist suo moto

13 March 2016, Nirapad News: RAB has started a ‘shadow investigation’ into a cyber heist in which Bangladesh central bank lost over $80 million, even though no case has been registered over the incident so far.

Director of the RAB Media Wing Mufti Mahmud Khan told a news agency that they started inquiring suo moto into the matter immediately after learning about the heist.

“Some of our experts went to Bangladesh Bank to inquire about the incident. They are looking into it,” he said.

Though the incident came to light in Bangladesh only a few days ago, Filipino newspaper Daily Inquirer had reported already last month that over $1 billion had been stolen from Bangladesh Bank’s account at the Federal Reserve Bank of New York.

The heist has created a ripple even in the Philippines, where a separate investigation is on.

Inquirer reported that funds were transferred into bank accounts in the Philippines and Sri Lanka using Bangladesh Bank’s SWIFT code.

The Bangladesh Bank also admitted that $81 million from the Bangladesh account of the Federal Reserve Bank of New York had been shifted to the Philippines and another $20 billion to Sri Lanka.

A RAB source said the elite force had already gathered some crucial information on the incident.

While there is no separate wing for probing economic offences, detective and cyber crimes prevention wings are jointly working on this matter, according to the RAB source.

The CID has an ‘Economic Crime Squad’ but it has not been given any instructions to probe the heist, a senior official of the squad said.

The official, however, told a news agency that they would definitely extend help if Bangladesh Bank approached them.

No investigating agency of Bangladesh has so far been officially asked to investigate the incident.

Meanwhile, according to a Reuters report, World Informatix, which is advising Bangladesh Bank on the investigation, has roped in Silicon Valley-based FireEye, to help investigate the heist.

***$100m heist: Lanka launches massive probe

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