News(AFP) Sri Lankan authorities have recovered more than $1.3 million stolen from a Taiwanese bank after two men were arrested in connection with the heist, an official said on Thursday. The two men arrested over the theft had tried to withdraw large sums of money that had been wired to their accounts with a Sri Lankan bank in the capital Colombo. “Two Indians had been in Colombo when the money transfer took place last week, but have fled since,” a police official said. The official said the Indian suspects had arranged the transfer of the stolen money, with the Sri Lankans expecting a cut of the proceeds. Reports in Taiwan said police there had recovered most of the $60 million.Taiwanese police and a bank official arrived in Colombo late on Wednesday to arrange for the return of the money.

Source: Sunday Times October 12, 2017 11:03 UTC