U.S. may accuse North Korea in theft last year at N.Y. Fed - WSJ

Image
Reuters WASHINGTON
Last Updated : Mar 23 2017 | 2:57 AM IST

WASHINGTON (Reuters) - U.S. prosecutors are building potential cases that would accuse North Korea of directing the theft of $81 million from Bangladesh's account at the Federal Reserve Bank of New York last year, the Wall Street Journal, citing people familiar with the matter.

The charges, if filed, would target alleged Chinese middlemen who prosecutors believed help North Korea orchestrate the theft, the Journal said.

The current cases being pursued may not include charges against North Korean officials, but would likely implicate North Korea, the Journal reported, with the United States accusing a foreign government of orchestrating one of the biggest bank robberies of modern times.

(Writing by Eric Beech; Editing by Eric Walsh)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 23 2017 | 2:40 AM IST

Next Story