Gurgaon:
Citibank manager Shivraj Puri, accused of cheating investors of around Rs. 400 crore, has been arrested. He will spend the next seven days in jail.
Puri, a Relationship Manager at the Gurgaon branch of Citibank, had been missing ever since the scam that he allegedly masterminded was reported to the police. He surrendered this morning.
The police will interrogate Puri to figure out how he diverted money from 20 accounts of "high net-worth individuals". Puri promised these account holders high returns on investment schemes that he invented. He then transferred their money into fictitious accounts and diverted the cash into the stock market.
Gurgaon Police Commissioner SS Deswal said cases of cheating and forgery have been filed against Puri and three others.
The police also said that 18 accounts worth Rs. 4 crore linked to the swindle have been frozen.
Puri, a Relationship Manager at the Gurgaon branch of Citibank, had been missing ever since the scam that he allegedly masterminded was reported to the police. He surrendered this morning.
The police will interrogate Puri to figure out how he diverted money from 20 accounts of "high net-worth individuals". Puri promised these account holders high returns on investment schemes that he invented. He then transferred their money into fictitious accounts and diverted the cash into the stock market.
Gurgaon Police Commissioner SS Deswal said cases of cheating and forgery have been filed against Puri and three others.
The police also said that 18 accounts worth Rs. 4 crore linked to the swindle have been frozen.
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