Government Policy

Muhith expects BB fire to have caused little damage

DHAKA, March 28, 2017 (BSS) - Finance Minister AMA Muhith today expected the last week's fire at the Bangladesh Bank to have caused little damage as the central bank authorities finalized their investigations while fire service was carrying a separate enquiry.

"No important damage has been caused in the fire incident," he told journalists emerging from a meeting with Bangladesh officials along with law minister Anisul Huq on recovery of reserve heist money.

He also hunched the electric short circuit to have caused to fire in line with the initial findings of the service investigators.

The fire broke out on the 13th floor of central bank on March 23 evening but was doused in an hour as firefighting teams rushed to the scene immediately.

Officials, however, said earlier that fire gutted parts of the Foreign Exchange Policy Department.

Muhith's comments came hours after the fire service investigation committee talked to the central bank officials visiting the Bangladesh Bank headquarters.

Responding to a question, Muhith hoped that the entire reserve heist money could be recovered from the Philippines, saying the authorities concerned in the Philippine is providing supports to return the stolen money.

Hackers had stolen a total $101 million from Bangladesh's account at the New York Fed in February, 2016.

BB brought back approximately $15.25 million from the Philippines and $20 million from Sri Lanka. Of the amount, $81 million was transferred to four accounts at Rizal Commercial Banking Corp in Manila and another $20 million to a bank in Sri Lanka. But the transferring of $20 million to Sri Lanka was failed because of a spelling error by the hackers.

Source: Bangladesh Sangbad Sangstha (BSS)