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Home Science & Technology

Bangladesh Central Bank Governor Resigns Over Cyber Heist

by ReportersAtLarge
March 15, 2016
in Science & Technology, WorldNews
Reading Time: 1 min read
0
Bangladesh's central bank Governor Atiur Rahman

Bangladesh's central bank Governor Atiur Rahman

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Atiur Rahman, the governor of Bangladesh’s Central Bank, resigned on Tuesday in response to demands for responsibility from the federal government following one of the worst cyber heists ever, which saw $81 million stolen from the bank’s U.S. account.

Rahman, who returned to Dhaka late on Monday after attending a weekend International Monetary Fund convention in New Delhi, instructed Reuters that Prime Minister Sheikh Hasina had accepted his resignation.

The authorities additionally fired two deputy governors of the financial institution, Finance Minister Abul Maal Abdul Muhith stated, days after blaming it for preserving the federal government at nighttime concerning the theft.

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Rahman, 65, stated he resigned to set an instance in a rustic place there may be not a lot of priority of accountability and to uphold the picture of the central financial institution

“I took responsibility,” Rahman stated.

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A former finance secretary, Fazle Kabir, could be the brand new governor, the finance minister stated.

Unknown hackers breached the pc techniques of Bangladesh Bank and tried to steal $951 million from its account on the Federal Reserve Bank of New York, which it makes use of for worldwide settlements, between Feb. 4 and Feb. 5.

They managed to switch $81 million to entities within the Philippines, and the cash was additionally diverted to casinos there.

Tags: Atiur RahmanBangladesh Central BankBangladesh Central Bank GovernorCyber Heist
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