HALISTER1: Close to Recovering Part of Stolen Reserve Fund: Bangladesh Bank

Close to Recovering Part of Stolen Reserve Fund: Bangladesh Bank

(Bloomberg) -- In final stages of retrieving $15m of the $81m stolen reserve funds, Bangladesh’s central bank says in statement.
  • Bangladesh Bank working closely with Philippines’ Department of Justice and Anti-Money Laundering Council: statement
  • Philippines’ Department of Justice to file appeal to court between Aug. 16 and Aug. 30 on behalf of Bangladesh Bank for return of $15m: statement
  • NOTE: Bangladesh officials had asked Philippines to help recover $81m stolen funds that found their way to Philippines in February
  • NOTE: Bangladesh Withholds Heist Probe Info to Avoid Tip Off: Reuters
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0616931D BD (Bangladesh Bank)
279379Z PM (Republic of the Philippines)

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