Gurgaon:
A Chartered Accountant firm hired tohelp crack the Rs 460 crore fraud at a Citibank branch willsubmit its report soon, says Gurgaon police.
Soon after the arrest of the alleged mastermind ShivrajPuri, relationship manager at Gurgaon branch, the Police hadhired the firm to study money trail.
Meanwhile, Citibank has terminated services of eightemployees including Puri in connection with the fraud. "Following disciplinary procedures, the services of a fewemployees of our Gurgaon branch have been terminated," aCitibank spokesperson had said.
Several corporates and High-Networth Individuals (HNIs)lost Rs 460.91 crore in a scheme floated by Puri whichpromised high returns. Puri fabricated a circular of the Securities and ExchangeBoard of India (SEBI) to lure people into investing into accountsheld by his accomplices Premnath, Shiela Premnath and DeekshaPuri.
Besides the Police inquiries, the InvestigationDirectorate of the Income Tax has initiated proceedings totrack the source of deposit of the affected persons inCitibank. Even, the Directorate of Enforcement has initiated inquiries in the matter. Employees whose services were terminated were reportedlyunder suspension ever since the fraud came to light.
Other employees whose services have been terminatedincluded Gurgaon branch manager, Amit Zalpuri, Assistant SalesManager, Kapil Chabra and Branch Investment Counsellor NitinChawla, sources said. However, names of the employees whose services wereterminated could not be ascertained from Citibank. At the same time, Citibank is undertaking the process ofcompensating its customers who have lost money in thescheme floated by Puri.