Jewellers threaten to go on strike over seizure of Apan gold

The announcement by Bangladesh Jewellers Samity came on Wednesday following a two-hour meeting at the trade body's office in Paltan.

The association’s Vice President Enamul Haque said they also demanded that Moinul Khan be removed from the Customs Intelligence and Investigation Directorate as its director general.

The association also called for a gold import policy to help its businesses.

"A conspiracy came into play to destroy the industry and Moinul Khan is behind it," he alleged at a media briefing after the meeting.

On Sunday, customs detectives deposited to the Bangladesh Bank some 570kg of gold ornaments and over 7,000 diamond jewellery confiscated from Apan Jewellers.

During raids on May 14-15, the jewellery was seized from the top brand's five outlets following which the authorities summoned owners.

Customs detectives interrogated the three owners – Dildar Ahmed, Gulzar Ahmed and Azad Ahmed twice following the raids, but they failed to come up with valid documents against the stock.

Dildar is the father of Shafat Ahmed who is arrested on charges of raping two university girls at a hotel in Banani. Three others, co-accused in the case, are also behind bars now.

The customs detectives launched the investigation into Apan Jewellers following the allegations.

Costs of bank cyber thefts hit SWIFT profit last year

Hackers stole $81 million from the Bangladesh central bank in February last year after gaining access to its SWIFT terminal and the emergence of other successful and unsuccessful hacks rocked faith in a system previously seen as totally secure.   Despite this, traffic increased on the network last year, hitting an all time peak in June of over 30 million messages. SWIFT's 2016 profit before tax and rebates to its owner-customers fell by 31 percent to 47 million euros ($53 million), following additional investments in security, the co-operative said in its annual report published on Friday. Chairman Yawar Shah said that Belgium-based SWIFT -- the Society for Worldwide Interbank Financial Telecommunication -- had linked management goals and incentives to security targets. SWIFT, which was criticized by some former staff and customers for failing to have spotted weaknesses in its customers' operating practices, has expanded its security teams and developed new tools to help clients monitor transactions and spot anomalies. Its ability to pre-empt attacks was limited by its customers’ historic failure to share information about hacks, SWIFT said. SWIFT is operated as a service to all banks, so cash surpluses are usually distributed to customers via rebates and ever-lower prices, rather than via dividends. Customers received no rebate for 2016. In 2015 the rebate was 33 million euros.

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