Philippines
April 1, 2016
From BD News
Sri Lankan businesswoman Hagoda Gamage Shalika Perereira got $20 million of the $101 million of the Federal Reserve Bank heist by cyber hackers. There could have been more fund transfers, had there been no misspelling of Shalika Foundation (to Fundation). The routing bank, Deutsche bank sought clarification hence the payment was stopped by the local bank since the amount was unusually large.
The amount she got was alleged to have come from JICA for an electrification project. JICA (Japan International Cooperation Agency) denied any links or transactions with her.
She is a struggling businesswoman engaged in low cost housing and social services. It was supposed to have been arranged by an intermediary who seems to have connection with JICA.
Of the amount that was to be received, portion would be spent on housing $7.72 million and $11.12 for the electrification project. The money was remitted to the Colombo branch of Pan Asia bank and refused to let her withdraw money because of the unusual large amount. It acted on Bangladesh CB request to reverse the transaction.
The Pan Asian bank acted more prudently to prevent the loss. How about the local banks?
Our local bank and our lawyers are invoking the laws, and how they are helpless in preventing the heist from being completed. Sen. Serg Osmena is right in his observation, especially if Bangladesh can not recover its money, that Phl banks will look like a bad place to do business with
Intelligent Philippine Criminals at BCB RCBC bank heist
What do you think?
I see a lot of these similar deals about foreign loans without collateral. It would seem to me that they could be money laundering scheme. Was I glad I stayed out of them
