Hero Group Citibank Fraud
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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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Statement issued by Hero Group on Citibank fraud
The Hero Group on Friday acknowledged that it invested close to Rs 29 crores in schemes suggested by Shivraj Puri, the Citibank executive who is believed to have pulled off a 300-core scam at the Gurgaon branch of the bank. However, the group clarified that its flagship company, Hero Honda Motors, had not been impacted by the scam.They issued the f...
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Citibank fraud: Hero Group CFO, Sanjay Gupta, arrested
Sanjay Gupta who is the Chief Financial Officer of the Hero Group was arrested in connection with the 300-crore Citibank scam today.The Hero Group CFO allegedly got kickbacks for investing the company's money through suspended Citibank manager, Shivraj Puri. He was produced in court where he was remanded to five days custody.A manager at the Gurgao...
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Citibank fraud: CFO of Hero Group questioned
The Hero Group today acknowledged that it invested close to 29 crores in schemes suggested by Shivraj Puri, the Citibank executive who is believed to have pulled off a 300-core scam at the Gurgaon branch of the bank. However, the group clarified that its flagship company, Hero Honda Motors, had not been impacted by the scam.Puri was arrested yester...
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Hero Group firms victim of Citibank fraud
A leading corporate house Hero Group is a victim of the alleged Rs 300 crore Citibank fraud, says the conglomerate, but did not disclose details of financial involvement. "Some of the Hero Group entities, along with some others, are victims of the fraud conducted through one of the Citi branches in Gurgaon," Hero Group said ...
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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...
-
Statement issued by Hero Group on Citibank fraud
The Hero Group on Friday acknowledged that it invested close to Rs 29 crores in schemes suggested by Shivraj Puri, the Citibank executive who is believed to have pulled off a 300-core scam at the Gurgaon branch of the bank. However, the group clarified that its flagship company, Hero Honda Motors, had not been impacted by the scam.They issued the f...
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Citibank fraud: Hero Group CFO, Sanjay Gupta, arrested
Sanjay Gupta who is the Chief Financial Officer of the Hero Group was arrested in connection with the 300-crore Citibank scam today.The Hero Group CFO allegedly got kickbacks for investing the company's money through suspended Citibank manager, Shivraj Puri. He was produced in court where he was remanded to five days custody.A manager at the Gurgao...
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Citibank fraud: CFO of Hero Group questioned
The Hero Group today acknowledged that it invested close to 29 crores in schemes suggested by Shivraj Puri, the Citibank executive who is believed to have pulled off a 300-core scam at the Gurgaon branch of the bank. However, the group clarified that its flagship company, Hero Honda Motors, had not been impacted by the scam.Puri was arrested yester...
-
Hero Group firms victim of Citibank fraud
A leading corporate house Hero Group is a victim of the alleged Rs 300 crore Citibank fraud, says the conglomerate, but did not disclose details of financial involvement. "Some of the Hero Group entities, along with some others, are victims of the fraud conducted through one of the Citi branches in Gurgaon," Hero Group said ...
