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Bangladesh central bank officials found 'negligent' in US$81M heist


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Bangladesh central bank officials found 'negligent' in US$81M heist

Five officials from the Bangladesh central bank were found guilty of negligence and carelessness in relation to the cyberheist of US$81 million from the central bank's account at the New York Fed back in February, Reuters reported Dec. 8.

An investigative panel appointed by the Bangladesh government found that the officials at the Bangladesh Bank, who were low to mid-level employees, were "negligent, careless and indirect accomplices," said Mohammed Farashuddin, a former central bank governor and head of the panel.

The officials were not directly involved in the crime and the panel found that the heist was committed by external elements, he said. Farashuddin did not name the officials found to be negligent.

The inquiry panel found that the hackers may have exploited loopholes in the bank's online security.

Bangladesh Bank is trying to recover some of the stolen money, which was transferred to a Rizal Commercial Banking Corp. branch in the Philippines.