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| Version 39 | Version 40 |
|---|---|
| Africa Live: Ethiopian bank hunts clients over millions lost in glitch - BBC News | |
| (32 minutes later) | |
| Ethiopia's largest commercial bank has given customers who withdrew more money than they had in their accounts until the end of the week to return it or face arrest and prosecution. | Ethiopia's largest commercial bank has given customers who withdrew more money than they had in their accounts until the end of the week to return it or face arrest and prosecution. |
| Local media reported that more than $40m (£31m) was withdrawn or transferred to other banks on Saturday during a system glitch lasting several hours at the state-owned Commercial Bank of Ethiopia (CBE). | Local media reported that more than $40m (£31m) was withdrawn or transferred to other banks on Saturday during a system glitch lasting several hours at the state-owned Commercial Bank of Ethiopia (CBE). |
| In an interview with the BBC Newsday programme, CBE President Abe Sano on Wednesday said the bank has traced most of the transactions conducted during the glitch. | In an interview with the BBC Newsday programme, CBE President Abe Sano on Wednesday said the bank has traced most of the transactions conducted during the glitch. |
| When asked whether CBE would report those who don't return the money to the police, Mr Abe replied: | When asked whether CBE would report those who don't return the money to the police, Mr Abe replied: |
| "Yeah, yeah, for sure. We are doing already". | "Yeah, yeah, for sure. We are doing already". |
| He added that the bank will take legal action against those who will not have returned the funds "after this weekend". | He added that the bank will take legal action against those who will not have returned the funds "after this weekend". |
| "There is no way that they can escape because they are digital [transactors] and they are our customers. We know them. They are traceable and they are legally accountable for what they did," Mr Abe told Newsday. | "There is no way that they can escape because they are digital [transactors] and they are our customers. We know them. They are traceable and they are legally accountable for what they did," Mr Abe told Newsday. |
| Some of the customers who withdrew excess money have already returned it to the bank, Mr Abe said. | Some of the customers who withdrew excess money have already returned it to the bank, Mr Abe said. |
| He however disputed the reports that customers took $40m, saying the amount taken was far smaller but will be accurately determined after an ongoing audit is completed later this week. | He however disputed the reports that customers took $40m, saying the amount taken was far smaller but will be accurately determined after an ongoing audit is completed later this week. |
| Mr Sano added that the audit is being done because some of the 10,000 customers who transacted during the glitch conducted legitimate transactions. | Mr Sano added that the audit is being done because some of the 10,000 customers who transacted during the glitch conducted legitimate transactions. |
| Read more: | Read more: |
| Commercial Bank of Ethiopia glitch lets customers withdraw millions | Commercial Bank of Ethiopia glitch lets customers withdraw millions |
| ShareView more share optionsShare this postCopy this linkRead more about these links. | ShareView more share optionsShare this postCopy this linkRead more about these links. |
| Copy this link | Copy this link |
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