6 Sri Lankans banned from leaving after Bangladesh bank hack

March 23, 2016 by The Associated Press

A Sri Lankan court banned foreign travel by six directors of a foundation that police say was remitted some of the $101 million stolen in the hacking of Bangladesh Central Bank's account at the Federal Reserve Bank in New York.

The Immigration Department will implement the order, spokesman Lakshan Zoysa said.

Colombo chief magistrate Gihan Pilapitiya issued the order Monday based on a police investigation of a complaint made by the Financial Intelligence Unit of the Sri Lanka's Central Bank.

The reported to court that the Shalika Foundation had opened an account at a private bank in Sri Lanka's capital Colombo on Jan. 28 and six days later, that account received $19,999,977.50. The bank alerted the Bangladesh Central Bank about the remittance and returned the money.

Police said the foundation was set up to help low-income families. The address of its office appears to be a closed-up house in Colombo, and the foundation has no other known contact information.

In addition to the stolen funds remitted to Sri Lanka, $81 million was transferred to the Philippines. Bangladesh Central Bank Gov. Atiur Rahman resigned last week, and Bangladesh authorities have said they were considering suing the Reserve Bank over the loss of the funds.

However, the Federal Bank said it found no evidence its own systems were compromised, and attention increasingly has focused on suspected vulnerabilities in Bangladesh bank's cybersecurity.

Explore further: Bangladesh loses $100 million from New York Fed account (Update)

Related Stories

European Central Bank hit by data theft

July 24, 2014

(AP)—The European Central Bank said Thursday that email addresses and other contact information have been stolen from a database that serves its public website, though it stressed that no internal systems or market-sensitive ...

European man held until hearing in phishing scam

February 27, 2016

An Eastern European man was ordered held Friday until a detention hearing on charges he ran an international email phishing scheme that enabled him and others to steal banking information from U.S. companies.

Recommended for you

Singapore 2G switchoff highlights digital divide

January 22, 2017

When Singapore pulls the plug on its 2G mobile phone network this year, thousands of people could be stuck without a signal—digital have-nots left behind by the relentless march of technology.

Making AI systems that see the world as humans do

January 19, 2017

A Northwestern University team developed a new computational model that performs at human levels on a standard intelligence test. This work is an important step toward making artificial intelligence systems that see and understand ...

Firms push hydrogen as top green energy source

January 18, 2017

Over a dozen leading European and Asian firms have teamed up to promote the use of hydrogen as a clean fuel and cut the production of harmful gasses that lead to global warming.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.