Bank Employee Accidentally Transfers $77bn
Can you believe that a bank employee accidentally transfers US$77bn to a person working at a Maldives resort? Believe it or not, this was what happened on 1 August 2024 in the Bank of Maldives. Some reports say it was actually not one person who received this sum but several others also received similar amounts. But, it did not last long before the bank discovered it and entire system for shut off for 3 hours. When the system were back online the accidental transfers were all reserved. Bank later said on X that they did not suffer any loss due to this human error.
Bank of Maldives (BML) offers bulk processing of salary for several companies and government organization. Almost all resorts use this service. The company writes a check for the total amount of salaries and provide a sheet that indicates account details of every employee along with the amount to be credited to each as well as the bank commissions for the transaction. According to a media report the error occurred right after a change of format which caused the account number itself picked up as salary amount. Hence, it came out in excess of US$77bn to each employee. It is apparent that the system used for this process did not automatically tally the total amount against individual salary amounts. Otherwise, this could have easily been prevented.
Media reports say the human error was caused in salary processing for the staff Lily Beach Resort. This is a luxury island located in Huvahendhoo island in Ari Atoll. It is a tiny island build on the concept of contemporary architecture as is known for its amazing water villas that come with glass floor and also for the rich house reef that is just 20 metres from shore. The arrival jetty is located near the main restaurant and reception. Guests often walk up to the jetty while on the way for meals and you could see moray eels in shallow waters. Fish feeding happens in the evening and there are huge jack fish along with red snappers and other species joining the feast. Lily Beach is a premium all-inclusive resort which does not offer other meal plans. If you want to get there you should be ready to receive all benefits for the premium price you pay. If you are not really too much into food and drinks there are other similar resorts we can offer you. Our rates are usually lower than Booking.com, Expedia or Agoda as we are local travel agent based in the Maldives. Prior to establishing ourselves as a travel agency we operated as an online travel magazine featuring the best experiences and happenings taking place in the Maldives. Over the past 10 years we immersed ourselves to learn and now we are creating some of the most out-standing holiday experience, mostly for the top luxury clients including members of Arab royal families. We value each guest and treat honourably for giving us the opportunity to service. So, we do not mind listening to every tiny detail as well as major preferences. We just strive to create the perfect holiday as much as possible.