Citibank fraud: Victim seeks to withdraw complaint

Posted On & filed under Legal India.

In a new twist in the Rs.300 crore Citibank fraud, one of the high-profile victims Monday announced he was withdrawing his complaint against senior bank officials including its chief executive, Vikram Pandit. Police said this was not possible. ‘With reference to the FIR registered on Jan 4, 2011, concerning the fraudulent investment of funds from… Read more »

Citibank fraud: Hero official’s police custody extended

Posted On & filed under Legal India.

Sanjay Gupta, a top official of the Hero Group arrested in the Rs.300 crore Citibank fraud case, was Saturday sent to seven days’ police custody by a local court. Police, while seeking an extension in his remand, told the court that they wanted to question him to recover Rs.4 crore. They said they also wanted… Read more »