BB files `execution suit` to send back heist money

An `execution suit` has been filed with the authorities in Manila to send back $15.25 million of Bangladesh Bank`s reserve heist money from the Philippines.


"The `execution suit` will outline the whole procedure for sending back the money from Manila," said Bangladesh Bank deputy governor Abu Hena Mohammad Razee Hassan on Saturday, reports BSS.

"We expect the entire process, including sending back the amount, will be cleared by the second week of November," he added.

According to BB, the recovered amount is now at Philippines central bank vault.

"A Manila court declared Bangladesh as the rightful owner of the funds, totalling $15.25 million," a report from the Philippines capital said earlier quoting chief state counsel of the Philippines` Department of Justice Ricardo Paras III as saying.

After the return of the money from Manila, the total recovered amount will stand at $35.25 million as BB was able to bring back $20 million earlier from Sri Lanka.