In a shift, Bangladesh Bank says no plans to sue Fed, SWIFT


  • TECH
  • Tuesday, 16 Aug 2016

Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. REUTERS/Ashikur Rahman/File Photo

DHAKA/NEW YORK: Bangladesh's central bank said it has reversed its plans to sue the Federal Reserve Bank of New York and the SWIFT money transfer network, and instead intends to seek their help recovering US$81mil (RM322.87mil) stolen by cyber thieves in February. 

"At the moment we have no plan to go for any legal action against the Fed bank or SWIFT; rather we will seek their assistance," said Subhankar Saha, the spokesman for Bangladesh Bank. He declined to provide reasons for the turnabout. 

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