Bangladesh Bank (BB) has firmly rejected a recent claim made by an Indian news outlet regarding a new reserve heist in Bangladesh. The central bank described the report as “absolutely fake news.”

BB spokesperson Md Mezbaul Haque addressed the allegations, emphasizing the report’s baselessness. 

“It’s absolutely fake news,” Haque stated. He further explained that the central bank has implemented a robust three-tier confirmation policy with the Federal Reserve Board of the United States (Fed) and conducts regular transaction reconciliations to ensure security.

The Indian news outlet’s report, titled “Are Indian hackers behind this month’s Bangladesh Bank heist involving billions?” has been widely circulated on social media. The report alleged that Indian and Bangladeshi authorities, including security agencies from both countries, were aware of a significant heist and were quietly investigating the matter.

The fake news report has sparked concern and confusion, prompting BB to issue a prompt clarification to reassure the public and stakeholders about the integrity and security of its reserve management processes. 

Bangladesh Bank has reiterated its commitment to maintaining the highest security standards for its financial transactions. The three-tier confirmation policy with the Fed and regular transaction reconciliations are part of the measures taken to prevent any fraudulent activities and ensure the safety of the country’s reserves.