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Chinese men moved stolen B’desh millions to Philippines

Manila / AFP Two Chinese men were responsible for moving $81 million stolen by hackers from Bangladesh’s foreign reserves into Philippine casinos, an inquiry in Manila heard on Tuesday. Following the heist, the millions stolen from the Bangladesh central bank’s American accounts on February 5 were immediately sent via electronic transfer to a Philippine bank. The dollar accounts where the ...

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Bangladesh lifts shipment ban on raw jute export

Dhaka / DPA Exports of raw jute from Bangladesh will reopen next week as the government on Monday lifted the ban on shipments four months after imposing it. The Ministry of Textiles and Jute issued a notice announcing the withdrawal of the ban to be effective from April 3. The lifting of the ban came amid pleas from raw jute ...

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India’s top court allows markets regulator to sell Sahara properties

NEW DELHI / Reuters India’s Supreme Court has asked the markets regulator to start the process of selling some of embattled conglomerate Sahara’s real estate assets in the country to refund millions of investors in its illegal bonds, lawyers said on Tuesday. Sahara, a household name in India as the former main sponsor of the national cricket team, has major ...

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