Citi Investigates India Transactions

December 28th, 2010
in News, Background, Banking

TheStreet.com:   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

Blogs

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

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved