Philippine lawmakers last week started a hearing on how $81 million of funds stolen from Bangladesh’s foreign reserves ended up in the Southeast Asian nation’s financial system. Senator Teofisto Guingona, who’s leading the investigation, said the heist could threaten the wider financial sector in the Philippines and put the country’s credit rating at risk.
Legislators are expected to resume the hearing on March 29. Here’s a timeline of the heist based on official Philippine government proceedings and hearing.
