You are here: Home » International » News » Finance
Business Standard

Bangladesh slams 'incompetent' central bank

Bangladesh's government lashed out at the central bank in a rare public split as tensions escalate after hackers stole about $101 million from its foreign reserves

Topics
Bangladesh

Bloomberg 

Bangladesh's government lashed out at the central bank in a rare public split as tensions escalate after hackers stole about $101 million from its foreign reserves. Finance Minister Abul Maal Abdul Muhith vowed to take action against Bangladesh Bank after it failed to inform the government immediately when the funds went missing from an account with the Federal Reserve Bank of New York last month. Other transfers totalling $850 million were blocked, according to the central bank. "Bangladesh Bank has the audacity not to inform me," Muhith told reporters in Dhaka on Sunday. ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, March 15 2016. 00:10 IST
RECOMMENDED FOR YOU
.