Hero names two more employees in Citibank fraud

The Hero Corporate Service on Wednesday named two more employees who are suspected to be involved in the multi-crore Citibank fraud, along with the group?s former associate vice-president Sanjay Gupta.

?Following an initial internal enquiry, two employees – Ganpat Singh and Gaurav Jain – working in the accounts department have also been identified to have been in possible collusion with Sanjay Gupta and Citibank employees,? Hero Corporate Service said in statement.

Both of the employees have been sent on leave with immediate effect and further appropriate action will be taken after a full enquiry, it added.

?This is in addition to the suspension of Gupta by the company,? the statement said.

On Tuesday, an FIR was filed by an investor Sunil Aggarwal that names Citi Group CEO Vikram Pandit, his Senior Advisor William Rhodes, and Douglas Peterson, the Chief Operating Officer of Citibank North America.

The charge comes in the wake of main accused Shivraj Puri purportedly admitting that the top brass of the bank were aware of the loot in which about 20 firms are said to have invested in.

A day earlier, Hero group?s associate vice-president Sanjay Gupta was arrested by Gurgaon Police in connection with the multi-crore scam at the bank which a former Citibank manager Shivraj Puri allegedly masterminded.

Puri, who worked at the bank’s Gurgaon branch, is accused of defrauding top clients by promising high-return investment schemes which in reality were non-existent. He was arrested last week and has been interrogated by the police.