Citi Investigates India Transactions

December 28th, 2010
in News, Background, Banking   Citigroup is investigating "suspicious transactions" by an employee in one of its branches in India.

Follow up:

Citi is looking into supposed forged documents by an employee in its Gurgaon branch. The banking institution did not say how much money was compromised as a result of the transactions, however the report cited a person familiar with the matter who speculated roughly 3 billion-4 billion rupees ($67-$89 million) and about 30-40 high-net-worth clients.

Citi "recently initiated an investigation into a set of suspicious transactions in its Gurgaon branch and immediately reported the matter to the regulatory and law enforcement authorities," the company said in a statement emailed to TheStreet.  Read more.....


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved