‘Philippines refunds $68,000 to BB’

Philippines has refunded a total of $68,000 to the Bangladesh Bank (BB) from the $81 million which was transferred to the country from the stolen money of BB reserve, said Bank and Financial Institutions Division Secretary M Aslam Alam.

He told this while briefing media after a meeting with the four deputy governors of the central bank on Sunday.

Aslam Alam said $68,000 has been refunded form Philippines while Sri Lanka has refunded to the BB’s account in US Federal Reserve the total $19.99 million which was transferred to the country.   

“Bangladesh Bank took too much time to inform the ministry about the fund hacking. It also did not inform the matter to the board meeting and the audit committee. But it should clear the matter,” he added.

When asked, Bangladesh Bank Deputy Governor Abu Hena Mohammad Razee Hassan said that details in this regard will be informed soon.