This was just what India wanted to hear, the perfect year-end gift. Yes, its yet another scam. This time it has come from the American banking giant Citibank. A case of possible fraud was reported at DLF-II branch, Gurgaon and is reportedly estimated at Rs 300-350 crore.
The scam was engineered by none other than an employee Shiv Raj Puri who was working as a Relationship Manager for the past 7-8 years. The fraud came to light when the bank’s Assistant Vice President Binu Soman noticed suspicious transactions in certain accounts at the Gurgaon branch.
After a police complaint was filed, which stated that Puri had opened a joint account in the names of Prem Nath, Sehna Prem Nath, and Deeksha Puri in September 2009; initial investigations reveal that the joint account (no 5011666247) had transacted a huge sum of money.
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