Hirunews Logo
HiruNews
HiruNews
HiruNews
Taiwan+bank+hack+%3A+Police+expand+investigations
Tuesday, 10 October 2017 - 11:34
Taiwan bank hack : Police expand investigations
9

Shares
1,137

Views

The Criminal Investigation Department last night (09) arrested Shalila Moonesinghe, the Chairman of Litro Gas for his alleged links to hacking into a Taiwanese bank and withdrawing money.

Litro Gas is a state-owned entity.

Moonesinghe is also the Leader of the New Democratic Front, under which President Maithripala Sirisena contested and won the 2015 Presidential Election.

Police acted after state-owned Bank of Ceylon reported a suspicious transfer into one of its accounts of $ 1.2 million from Taiwan Far Eastern Bank, following the withdrawal of some of the money by one of the suspects.

“We arrested on a tip-off from the Bank of Ceylon that there had been a suspicious transaction,” Shani Abeywardana, Director at the Criminal Investigation Department, has told Reuters.

“From the investigations and questioning we’ve found out that this is connected to hacking in Taiwan,” Abeywardana has said.

With Moonesinghe’s arrest, the Sri Lankan authorities have nabbed two Sri Lankans accused of helping hackers steal millions from Far Eastern International Bank of Taiwan.

Focus Taiwan, the English-language news website of Taiwan’s Central News Agency, said on Saturday (07) Far Eastern Bank had reported to Taiwan’s financial watchdog that its computer system had been infected with malware.

Through the planted malware, hackers conducted virtual transactions to move funds totalling nearly $ 60 million from Far Eastern Bank customers’ accounts to some foreign destinations such as Sri Lanka, Cambodia and the United States.

Taiwan’s Financial Supervisory Commission said that while most of the stolen funds were recovered, about US$ 500,000 remains unaccounted for.

The CIB section chief Chiu Shao-chou said one suspect was captured by Sri Lankan police when he tried to withdraw about US$ 26,000 after the money was wired to his account from Taiwan on Friday.

Sri Lankan police have found some other people, but whether they are involved would need to be investigated, Chiu said.

The first suspect is identified as J.C. Nammuni.

Police are also looking for a third person, who is identified as a businessman.

A spelling mistake in an online bank transfer instruction discovered by a Sri Lankan bank helped prevent a nearly $1 billion heist early last year involving the Bangladesh central bank and the New York Federal Reserve.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
HiruNews
Thursday, 16 August 2018 - 16:24
Mangroves play a critical role in maintaining the ecological balance in Sri Lanka's coastal areas.However, some money-hungry people do not understand this.Our... Read More
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
2,911 Views
HiruNews
HiruNews
HiruNews
6,901 Views
HiruNews
HiruNews
HiruNews
8,122 Views
HiruNews
HiruNews
HiruNews
20,904 Views
HiruNews
HiruNews
HiruNews
737 Views
HiruNews
HiruNews
HiruNews
52,452 Views
Top