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I wonder if a more Bitcoin oriented banking system could fix at least some of this? Creating shady loans and then running off with the cash actually sounds kinda familiar, but this seems next level... "...the largest bank heist in the history of money." ??!!
The new governor of Bangladesh’s central bank, Ahsan Mansur, calculates that about $17 billion was siphoned from the country’s financial system in the 15 years before the government of Sheikh Hasina collapsed in August.
Other economists guess that the true value looted during Ms. Hasina’s rule, before she fled the country, could exceed $30 billion. But no one can say for sure. Using a web of financial schemes, Mr. Mansur said, the perpetrators in the government and at some of the country’s biggest companies pulled off what was effectively the largest bank heist in the history of money. And they did incalculable damage to Bangladesh’s economy.
http://archive.today/fkeJU - full NYT article - (unpaywalled)
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31 sats \ 0 replies \ @Golu 4 Dec
The condition of Bangladesh is just as miserable right now as is Somalia's.
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21 sats \ 1 reply \ @k00b 4 Dec
I think you have your brackets and parens reversed:
[full NYT article - (unpaywalled)](http://archive.today/fkeJU)
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Oops, thanks I tried to fix but couldn't beat the buzzer!
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Loot the bank what a rush
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