Rahman told Reuters he did not initially appreciate the gravity of the situation. REUTERS/Andrew Biraj
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
First, all 35 of the messages lacked the names of "correspondent banks" – the necessary next step in the payment chain – according to a senior Bangladesh Bank official and a person familiar with the New York Fed's handling of the payments.The U.S. central bank allows payments to individuals, but it's not common and is generally discouraged, according to one of the former New York Fed employees.The New York Fed declined to comment on the number of payments it typically received from Bangladesh Bank or whether staff had found the numerous messages on Feb. 4 surprising or suspicious. The New York Fed did not reach out to Dhaka in any other way.
FOLLOW THIS ARTICLE