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The incredible story behind the cyber heist that resulted in an $81 million loss for the central bank of Bangladesh continues to get more intriguing. Bangladesh is looking to sue the NY Fed for lapses in protocol, while Philippine officials race to untangle a complex web of bad actors and shady go-betweens that looks like it may lead back to one Kim Wong, who 15 years ago was accused of connecting then-Senator Panfilo Lacson to drug lords. Meanwhile, a cyber security expert who spoke to the police and the media was kidnapped from a motorized rickshaw by men in plainclothes who blindfolded him, threw him in a vehicle, and drove away.
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The story of the theft of $100 million from the Bangladesh central bank – by way of the New York Federal Reserve – is getting more fascinating by the day.
As we reported previously, on February 5, Bill Dudley’s New York Fed was allegedly “penetrated” when “hackers” (of supposed Chinese origin) stole $100 million from accounts belonging to the Bangladesh central bank. The money was then channeled to the Philippines where it was sold on the black market and funneled to “local casinos” (to quote AFP). After the casino laundering, it was sent back to the same black market FX broker who promptly moved it to “overseas accounts within days.”
That was the fund flow in a nutshell.
Someone at the New York Fed messed up.
On February 5, Bill Dudley was “penetrated” when “hackers” (of supposed Chinese origin) stole $100 million from accounts belonging to the Bangladesh central bank.
As we reported on Tuesday, the money was apparently channeled to the Philippines where it was sold on the black market and funneled to “local casinos” (to quote AFP). After the casino laundering, it was sent back to the same black market FX broker who promptly moved it to “overseas accounts within days.”
Obviously, that’s hilarious, not to mention extremely embarrassing for the NY Fed. Here’s what the Fed had to say yesterday about the “mishap”:
Punjab authorities have closed down schools from Jan 26 to 31 because of biting cold, a private TV channel reported.
Life is almost paralysed by the biting cold in nine upazilas of the district. The poor are burning hay and fallen leaves to keep them warm.
Nine deaths believed to stem from hypothermia reported in Bueng Kan, Nakhon Phanom, Tak, Rayong and Udon Thani provinces.
Along with severe cold
In addition, the accompanying low temperatures have caused disasters for farmers across the nation.
Buffaloes have recently died due to the extremely cold weather.
Guangzhou residents were excited Sunday to observe snow falling in their subtropical city for the first time in 88 years.
Schools light bonfires, army readies help
People and livestock in upland areas of northeastern Laos are struggling with the freezing cold.
Okinawa’s main island in southwestern Japan gets its first measurable snowfall in history.
In the south, sleet fell on Amami Oshima Island for the first time since 1901. Residents there usually enjoy temperatures of around 17 degrees Celsius this time of year.
– Bangladesh government admits Bt eggplant hasn’t passed safety tests and ignores GMO labeling law (Natural News, Sep 29, 2014):
The director of a government testing agency in Bangladesh that granted approval for genetically modified (GM) Bt eggplant (brinjal), which turned out to be a total failure, exploded recently after being questioned about the safety of the “Frankencrop.” Dr. Rafiqul Islam Mondal* from the Bangladesh Agricultural Research Institute (BARI) angrily told a room full of reporters and farmers that, if they are so concerned about the safety of Bt brinjal, they should conduct their own safety research on the plant.
BARI insists that Bt brinjal does not harm humans, the environment or biodiversity. But the organization never actually tested the crop to see if any of this is true, a fact that ended up sparking a lively debate at a recent news conference. BARI had intended to use the conference as a platform to assert the safety of Bt brinjal, as well as defend its decision to approve it. Instead, its director ended up having a full-on meltdown when the public relations scheme didn’t go as planned.
Again: Any atack on Iran is the beginning of WW III.
– A World On The Verge Of War? (ZeroHedge, Sep 17, 2012):
Here is a summary of where the world stands:
- Unable to reach a compromise over the weekend, South Africa is now in an all out labor strike, with the police again firing rubber bullets at miners with lethal escalation guaranteed
- Back from vacation, the once again penniless citizens of Spain, Greece, and Portugal have resumed protesting austerity
- US embassies attacked, in many cases with numerous casualties, in Egypt, Libya, Tunisia, Morocco, Sudan, Lebanon, India, Balgadesh, Indonesia, and others.
- Japan “appropriating” China-contested islands provoking a firestorm of retaliation including demands for “war with Japan“
- The Japanese ambassador to China dying mysteriously
- Netanyahu telling Meet the Press Iran will have a nuke in six-seven months and must be stopped beforehand
- Warships from more than 25 countries, including the United States, Britain, France, Saudi Arabia and the UAE, launching a military exercise in the Straits of Hormuz
- A third US aircraft – the CVN-74 Stennis – carrier is en route to Iran with an ETA of about 10 days
- And finally, a potential catalyst to light this whole mess on fire, Iran’s Revolutionary Guard announcing that its troops are now on the ground in Syria.
Members of Iran’s Islamic Revolutionary Guards Corps (IRGC) are providing non-military assistance in Syria and Iran may get involved militarily if its closest ally comes under attack, commander-in-chief Mohammad Ali Jafari said on Sunday.
Angry investors take to streets as Dhaka’s stock exchange crashes. Andrew Buncombe reports
Chanting investors accuse brokers of dishonesty at Dhaka’s stock exchange
Police in Bangladesh used tear gas and water canons to disperse angry protests by crowds of small investors after a dramatic free-fall plunge on the country’s stock market caused the authorities to suspend trading.
Hundreds of outraged investors took to the streets outside the stock exchange in the Motijheel neighbourhood of the nation’s capital after the worst plunge in the country’s history saw the Dhaka Stock Exchange (DSE) fall by 660 points, or 9.25 per cent, in less than an hour.
Chanting slogans that accused brokers and traders of manipulating stock prices and of the government of failing to properly regulate the situation, the small-scale investors smashed up cars, burned tyres and ran loose until police stepped in to break them up. There were other protests in smaller cities and towns. Four journalists were reportedly beaten by police.
Added: 10. Januar 2011
Bangladesh suspended trading at its main stock exchange in the capital Dhaka on Monday, and security officials used batons to disperse thousands of angry investors upset over a market plunge. After the protesters began gathering on Monday morning, authorities used batons to try to break up the crowds, according to police officials. But protesters continued to demonstrate at several busy intersections in Dhaka’s Motijheel commercial district, where the stock exchange is located, smashing vehicles, burning tyres and chanting anti-government slogan
Dhaka – The UN’s World Food Programme began distributing emergency food aid on Sunday to 120 000 people facing famine in south eastern Bangladesh, where an invasion of rats led to widespread crop destruction.
People from the affected areas in the Chittagong hill tracks were struggling to feed themselves and had been eating wild roots from the jungle ever since the area was overrun by millions of rats, the WFP said.
It said its food aid would meet the immediate needs of over 25 680 households from May to August this year and would help “maintain adequate food consumption and protect livelihood”.
“Thousands of poor tribal families would have remained destitute due to the loss of their crops, and livelihoods,” said the acting WFP representative in Bangladesh Edward Kallon.
“The donor assistance has enabled WFP to respond quickly to feed these vulnerable poor families who are in need of food,” he said.
(CNN puplished this article (check the title with google) but has it entirely rewritten just a few minutes ago. – The Infinite Unknown)
YANGON, Myanmar (CNN) — Myanmar’s cyclone survivors have insufficient fuel to burn the rotting corpses of the dead as the ruling military junta is accused of being too slow in letting aid groups into the country.
Relief agencies say decomposing corpses litter ditches and fields in the worst-hit Irrawaddy delta area as survivors try to conserve fuel for transporting much-needed supplies.
The international community is growing increasingly frustrated with the junta’s lack of progress in granting visas for relief workers and giving clearance for aid flights to land.
They are concerned the lack of medical supplies and clean food and water threatens to increase the already staggering death toll.
Officials say corpses are floating in the water as Myanmar disaster grows
Hungry crowds stormed the few shops that opened in the country’s stricken Irrawaddy delta, sparking fist fights, according to Paul Risley, a spokesman for the U.N. World Food Program in neighboring Thailand.
Shari Villarosa, who heads the U.S. Embassy in Myanmar, said food and water are running short in the delta area and called the situation there “increasingly horrendous.”
“There is a very real risk of disease outbreaks as long as this continues,” Villarosa told reporters. Some 1 million people were homeless in the Southeast Asian country, the U.N. said.