Gurgaon : The 300-crore fraud case at Citibank seems to be spreading its tentacles looking for more casualties as the chief executive of the Citi Group Vikram Pandit finds his name on an FIR filed by one of the duped investors.
A day earlier, Hero group?s vice-president of corporate services Sanjay Gupta was arrested by Gurgaon Police in connection with the multi-crore scam at the bank which a former 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.
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 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.