BB heist: Philippines president cancels meeting with Bangladesh officials

Presidential Spokesperson, Ernesto Abella said on Monday that the meeting was cancelled due to “pressing matters that demand the president’s immediate attention.” The meeting with Duterte was scheduled to press for the return of the Bangladesh Bank heist funds laundered in the Philippines earlier this year. The five-member delegation, led by Law Minister Anisul Huq, are currently visiting the archipelago to meet officials of the Philippines government to discuss the legal details concerning the retrieval of the $81m reserve that was stolen from Bangladesh Bank by computer hackers in February.

Also Read- Anisul to meet Philippines govt Nov 28


The delegation includes Bangladesh Bank Governor Fazle Kabir, Attorney General Mahbubey Alam, Financial Institutions Division Secretary Eunusur Rahman, and the president of standing committee on Finance Ministry, Dr Md Abdur Razzak. The central bank has already recovered $15.25m from the Philippines’ anti-money laundering council and $20m from Sri Lanka.