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| -Lurid Crime Tales- |
| Another attempt to steal $870m from BB foiled |
| 2016-03-10 |
| [Dhaka Tribune] An attempt of laundering $870 million, in addition to already stolen $100m from Bangladesh Bank, was foiled in February thanks to international banks' recalling of an order to transfer the amount to local banks in the Philippines. Just a few days ago $81m had been suspected to have been stolen from the central bank of Bangladesh and managed to enter the Philippine banks. The amount was already released to the local clients of Rizal Commercial Banking Corp (RCBC), revealed a report by Philippine daily the Inquirer yesterday. Soon after the RCBC released the funds to its client, the bank received a so-called "MT103" message through the Swift system from international banks recalling the $81m and ordering to stop the release of another $870 million -- roughly one-third of the cost of constructing the Padma Bridge -- in inward transfers. The Inquirer quoted a banking source as saying that the transfer of the $870 million was stopped in time, but $81m had already been released and, by the time authorities were alerted, had already been moved back offshore. Bangladesh Bank claims that it has already brought back an amount of $20m that was stolen from its reserve account and laundered to Sri Lanka. "We have brought back a portion [of the stolem money] from Sri Lanka with the help of the Sri Lankan central bank," Bangladesh Bank Executive Director Subhankar Saha told journalists in Dhaka yesterday after a meeting with the scheduled banks on cyber security. He expects that the amount of $81m transferred to the Philippines will be recovered soon with the help of the anti-money laundering authorities there. He declined to disclose anything further for the sake of investigation. |
| Posted by:Fred |
| #1 transfer the amount to local banks in the Philippines. "No, NO, they said Nigeria, I have a letter!" |
| Posted by: Skidmark 2016-03-10 02:41 |