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$81Million Hacked, Stolen in Bangladesh Central Bank from Philippines

Written By Pinoy Favs on Tuesday, March 15, 2016 | 6:15 PM

More than $US30 million ($A39.98 million) of the money hackers stole from the Bangladesh central bank's account at the US Federal Reserve was reportedly handed over in cash to an ethnic Chinese man in Manila.


The cash deliveries over several days from a foreign exchange broker were made up of 600 million pesos ($A17.15 million) and around $US18 million ($A23.99 million), which altogether would have meant a haul of at least 780,000 banknotes.

"Obviously this is not one bang, it was done in instalments," Teofisto Guingona, head of the Philippine Senate's anti-corruption committee, told Reuters ahead of a panel hearing on the case that is due to open later on Tuesday.

The details he gave shine a partial light on the money trail after February's cyber-heist of Bangladesh Bank's account at the Federal Reserve Bank of New York, which netted hackers more than $US80 million.

The hackers tried to withdraw about $US951 million from the account but the other transactions were blocked after a typo in one of the instructions raised red flags.

rcbc-0316
On Feb. 5 or the day the $81 million was wired to the accounts of Jessie Christopher Lagrosas ($30 million), Alfred Vergara ($19.999 million), Enrico Vasquez ($25 million) and Michael Cruz ($6 million), Deguito “facilitated the opening of the account of businessman William S. Go DBA Centurytex Trading at Jupiter BC,” said the report submitted to the AMLC.

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