Probe Report in BB Heist Delayed to July 2

A Dhaka court on Sunday set July 2 as the new deadline for submitting the probe report in the Bangladesh Bank reserve heist case.

Dhaka Additional Chief Metropolitan Magistrate Wahiduzzaman fixed the date after the Criminal Investigation Department (CID), the agency assigned to investigate the case, failed to submit the report today.

In one of the most significant cyber heists in recent history, hackers stole $101 million from Bangladesh Bank’s accounts with the Federal Reserve Bank of New York in February 2016. Of the stolen amount, $81 million was transferred to four accounts at the Rizal Commercial Banking Corporation (RCBC) in the Philippines, while another $20 million was sent to a bank in Sri Lanka.

However, the $20 million transfer to Sri Lanka was unsuccessful due to a spelling error by the hackers. Bangladesh Bank later managed to recover approximately $15 million from the Philippines.

The case was filed with Motijheel Police Station on March 15, 2016, by then Deputy Director (Accounts and Budgeting) of Bangladesh Bank, Zobayer Bin Huda.