Government Policy

Muhith expects to get back entire heist money from Philippine

Finance Minister AMA Muhith today expressed his firm confidence that the entire reserve heist money could be recovered from the Philippines saying the authorities concerned in the Philippine assured Bangladesh of taking appropriate steps to return the stolen money.

"During the meeting with Bangladesh delegation led by Law Minister Anisul Huq, the Philippines' finance minister expressed his government's willingness to return the heist money," he told newsmen after a meeting with Law Minister Anisul Huq and Bangladesh Bank Governor Fazle Kabir at his office in the city.

Under an international convention, the Philippine government has already filed two cases to recover the heist money as Bangladesh sent a letter to the Philippines government to provide all mutual legal assistances, Muhith said

Mentioning his position against the statement of Rizal Commercial Banking Corporation (RCBC) on returning the heist money, he said Bangladesh does not give any importance to the RCBC comments. "They will have to return the Bangladesh's money as they are liable for this."

Bangladesh already retrieved approximately $15 million from Philippine, he said adding, Bangladesh will get back more $29 million from Philippine, which now remains freeze, after completing all legal process.

Muhith said Bangladesh will also get back rest of the money from RCBC bank as they are liable for the money.

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

Of the amount, $81 million was transferred to four accounts at RCBC in Manila and another $20 million to a bank in Sri Lanka but their effort to transfer of $20 million to Sri Lanka was failed because of a spelling error by the hackers.

Source: Bangladesh Sangbad Sangstha (BSS)