New committee formed to review reserve heist

The interim government has formed a new committee, headed by Asif Nazrul, adviser for law, justice, and parliamentary affairs, to review the reserve heist from Bangladesh Bank that took place in 2016.
On March 12, the Cabinet Division issued a gazette notification announcing the formation of the six-member committee, which includes Muhammad Fouzul Kabir Khan, adviser for power, energy, and mineral resources; Faiz Ahmed Taiyeb, special assistant for the ministry of posts, telecommunications, and information technology; Ahsan H Mansur, governor of Bangladesh Bank; Ali Ashfaq, director of Biman Bangladesh Airlines; and Nazrul Huda, chairman of Rupali Bank.
The committee will review the progress of the investigation into the Bangladesh Bank reserve heist of February 2016, assess other government measures taken in this regard, determine responsibility for the incident, and provide necessary recommendations to prevent the recurrence of such an incident.
The gazette notice stated that the committee would submit its recommendations within three months of the issuance of the notification.
The Financial Institutions Division will provide secretarial support to the committee, which may co-opt members, if necessary, the notice added, specifying that meetings of the committee will be held as required.
In February 2016, international hackers orchestrated a cyber heist at the country's central bank, stealing $101 million from the Bangladesh Bank's account at the Federal Reserve Bank of New York using fraudulent instructions.
Their intended aim was to make off with around $1 billion.
Of the $81 million transferred to the Philippines, approximately $18 million has been recovered so far.
Further investigation suggested that the Dridex malware may have facilitated the attack.
On March 15, 2016, 39 days after the incident, Bangladesh Bank Deputy Director Zubair Bin Huda filed a case with Motijheel Police Station against unknown individuals under the Money Laundering Prevention Act.
The Criminal Investigation Department was tasked with the investigation but has yet to complete it or submit a report to the court.
Recently, the Anti-Corruption Commission of Bangladesh announced plans to initiate an inquiry into allegations of corruption linked to the 2016 cyber heist.
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