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Indonesia bars Citi from offering wealth management services
U.S. banking major Citigroup has been barred from selling wealth management services to new clients in Indonesia, following allegations that one of its long-time employees stole money from customers, says a media report. The barring of Citi, amid allegations that a long-time employee stole millions of dollars from customers of its premium r...
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Investors lost around Rs 250 core in Citibank scam
Investors had lost around Rs 250 crore after their money was invested by Citibank fraudster Shivraj Puri in Nifty options, said a police chargesheet filed in the Rs 400-crore scam. As per the chargesheet filed in the Civil Senior Division Court on Tuesday, a sum of Rs 292.68 crore, fraudulently obtained from investors, was invested by Puri ...
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Citibank scam: Two more Hero executives who participated
After its Assistant Vice President Sanjay Gupta was arrested in connection with the 300-crore Citibank scam, the Hero Group has reportedly identified two more employees who participated in the swindle. "Ganpat Singh and Gaurav Jain -- working in the accounts department have also been identified to have been in possible collusion with Sanjay G...
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Citibank statement on Shivraj Puri's claims
After Shivraj Puri, a former Citibank manager who is behind the Rs. 300 crore scam, allegedly told the police that the top rung of the bank was aware of how his scam worked, Citibank issued a statement late Tuesday evening. (Read: FIR names CEO Vikram Pandit in Citibank fraud)The statement says:As this individual well knows, Citi identified the fra...
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Citibank fraud: Reserve Bank of India to probe scam
The Reserve Bank of India (RBI) has begun a probe into the Rs 300 crore fraud at Citibank's Gurgaon branch.RBI Executive Director G Gopalakrishna told reporters on Friday, that soon a statement in this regard would be made. Shivraj Puri, a bank executive, had duped customers into depositing Rs 300 crore in accounts set up by him making them b...
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Indonesia bars Citi from offering wealth management services
U.S. banking major Citigroup has been barred from selling wealth management services to new clients in Indonesia, following allegations that one of its long-time employees stole money from customers, says a media report. The barring of Citi, amid allegations that a long-time employee stole millions of dollars from customers of its premium r...
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Investors lost around Rs 250 core in Citibank scam
Investors had lost around Rs 250 crore after their money was invested by Citibank fraudster Shivraj Puri in Nifty options, said a police chargesheet filed in the Rs 400-crore scam. As per the chargesheet filed in the Civil Senior Division Court on Tuesday, a sum of Rs 292.68 crore, fraudulently obtained from investors, was invested by Puri ...
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Citibank scam: Two more Hero executives who participated
After its Assistant Vice President Sanjay Gupta was arrested in connection with the 300-crore Citibank scam, the Hero Group has reportedly identified two more employees who participated in the swindle. "Ganpat Singh and Gaurav Jain -- working in the accounts department have also been identified to have been in possible collusion with Sanjay G...
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Citibank statement on Shivraj Puri's claims
After Shivraj Puri, a former Citibank manager who is behind the Rs. 300 crore scam, allegedly told the police that the top rung of the bank was aware of how his scam worked, Citibank issued a statement late Tuesday evening. (Read: FIR names CEO Vikram Pandit in Citibank fraud)The statement says:As this individual well knows, Citi identified the fra...
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Citibank fraud: Reserve Bank of India to probe scam
The Reserve Bank of India (RBI) has begun a probe into the Rs 300 crore fraud at Citibank's Gurgaon branch.RBI Executive Director G Gopalakrishna told reporters on Friday, that soon a statement in this regard would be made. Shivraj Puri, a bank executive, had duped customers into depositing Rs 300 crore in accounts set up by him making them b...
