Citibank fraud: Gurgaon Police summons Puri’s parents for interrogation
By ANITuesday, January 4, 2011
GURGAON - Gurgaon Police has summoned suspended Citibank manager Shivraj Puri’s parents for questioning in the cheating case worth around Rs. 300 crore.
Earlier on Monday, the police took into its custody the Chief Finance Officer of the Hero Group and associates, Sanjay Gupta, for his alleged involvement in the Rs 300-crore Citibank scam.
According to the police, Gupta made a profit of Rs 20 crore through the scam by allegedly initiating staff of the Hero Group to invest money amounting to Rs 200 crore in his two firms - BG Finance and G2S Management Consultants.
Both Puri and Gupta allegedly had a deal to first get the money deposited in Gupta’s company, from where Puri would siphon it off to one of his ‘fake’ accounts.
The arrest came five days after Puri, who worked at the bank’s Gurgaon branch as a relationship manager, surrendered on December 30 after being accused of siphoning money from 20 accounts of high net worth individuals.
A case of cheating and forgery was registered against Puri and the others DLF Phase-II Police Station on Monday night after Citibank lodged a formal complaint.
Puri had opened three accounts in a Gurgaon branch in the names of his relatives. He had asked customers to deposit money in these accounts under a scheme that promised double returns. But once money was deposited, Puri transferred it into his own account.
The fraud came to light after the bank probed certain suspicious transactions based on documents allegedly forged by an employee. (ANI)
