Dhaka: A court in Dhaka has scheduled July 2 as the new deadline for submitting the investigation report in the case concerning the 2016 reserve heist of Bangladesh Bank (BB). This decision came after the Criminal Investigation Department (CID), responsible for the investigation, was unable to submit the report by the previously set date. According to Bangladesh Sangbad Sangstha, the heist involved unidentified hackers who managed to steal $101 million from the accounts of Bangladesh Bank held with the Federal Reserve Bank of New York on February 5, 2016. Of the stolen funds, $81 million was transferred to four accounts at the Rizal Commercial Banking Corporation in the Philippines, while an additional $20 million was intended to be transferred to a bank in Sri Lanka. The transfer to Sri Lanka, however, was unsuccessful due to a spelling error made by the hackers. Subsequently, Bangladesh Bank was able to recover approximately $15 million from the Philippines. The case was officially lodged by former Deputy Director (Accounts and Budgeting) of Bangladesh Bank, Zobayer Bin Huda, with the Motijheel Police Station on March 15, 2016.
