• Friday, October 07, 2022

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Bangladesh demands return of stolen bank funds from Philippines

Bangladeshi ambassador to Manila John Gomes

By: Eastern Eye Staff

The Philippines must immediately return millions of dollars recovered from a high-profile hacking theft, Bangladesh’s ambassador said on Thursday in Manila, but Filipino officials warned resolving the embarrassing case could take months. On February 5, unidentified hackers shifted $81 million (£56 million) from the Bangladesh central bank’s account with the US Federal Reserve to a nondescript bank in Manila, from where it was funnelled into local casinos. Filipino authorities now say they have tracked down all but $21 million (£14 million) of the loot, but have only recovered a fraction of it. Late March, Manila-based Chinese casino promoter Kim Wong,…

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