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BB boss hopeful of recovering entire amount

Published: October 25, 2017 22:14:57 | Updated: October 26, 2017 11:33:40


Bangladesh Bank Governor Fazle Kabir has said that the entire amount of stolen reserve money of the central bank will be recovered after conclusion of the judicial case in this connection.

He came up with the remarks on Wednesday after attending a discussion programme at the Club Road in Barisal.

The BB chief said, "It’s possible to recover the complete amount of the remaining stolen reserve money after completion of the judicial case."

Hackers in February last year stole USD 101 million from BB's account with the Federal Reserve Bank of New York.

Money amounting to USD 20 million was later channeled to Sri Lanka and USD 81 million to the Philippines.

The New York-based Federal Reserve Bank blocked the remaining transactions – amounting to USD 850 million.

The government has so far recovered USD 34.63 million against the stolen total of US$ 101 million, a UNB report said.

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