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'Citibank Fraud' - 27 News Result(s)

  • US indicts hackers in biggest cyber fraud case

    US indicts hackers in biggest cyber fraud case

    Federal prosecutors said they have charged five men responsible for a hacking and credit card fraud spree that cost companies more $300 million and two of the suspects are in custody, in the biggest cyber crime case filed in US history.

  • 10 ways to protect yourself from credit card frauds

    10 ways to protect yourself from credit card frauds

    If you lose your credit card, inform your credit card company immediately. This will enable the card issuer to freeze the card with immediate effect and prevent any purchases on the card. Remember, your liability is limited once you inform the credit...

  • Citibank probe: ED orders attachment of assets worth Rs 20 cr

    Citibank probe: ED orders attachment of assets worth Rs 20 cr

    The Enforcement Directorate has issued orders attaching assets worth about Rs 20 crore in connection with its money laundering probe in the Citibank Gurgaon fraud scam.

  • Citibank fraud: Tax dept initiates re-assessment of investors

    In a double whammy for investors who lost their money in the Rs 400 crore Citibank Gurgaon scam as the Income Tax department has initiated a re-assessment of tax returns of these people to ascertain whether the money invested was reflected in their annual returns. The department's various tax...

  • RBI fines Citibank Rs 25 lakh in Gurgaon branch fraud case

    The Reserve Bank has imposed a penalty of Rs 25 lakh on US-based Citibank for not following account opening and anti-money laundering norms at its Gurgaon branch, which witnessed a fraud of Rs 461 crore last year. "The failure in following the Know-Your Customer (KYC)/Anti-Money Laundering (...

  • Investors lost around Rs 250 core in Citibank scam

    Investors had lost around Rs 250 crore after their money was invested by Citibank fraudster Shivraj Puri in Nifty options, said a police chargesheet filed in the Rs 400-crore scam. As per the chargesheet filed in the Civil Senior Division Court on Tuesday, a sum of Rs 292.68 crore, fraudulen...

  • Citibank fraud: 8 employees fired

    Citibank's Gurgaon branch? has terminated services of eight employees including Puri in connection with the Rs 460 crore fraud. "Following disciplinary procedures, the services of a few employees of our Gurgaon branch have been terminated," a Citibank spokesperson had said.? S...

  • Probe into Citibank fraud to complete soon: Govt

    The government on Friday said that Reserve Bank of India (RBI) has conducted a special inquiry into Rs 460-crore Citibank fraud case and was in the process of completing its final report. "RBI has conducted a special scrutiny of the related accounts at Citibank, Gurgaon (branch) and other con...

  • Citibank reports maximum cases of card frauds

    Citibank has witnessed maximum 92 frauds of cloning of debit/credit cards or use of fake cards involving over Rs 1.89 crore from 2007-08 to December 2010. ? "Largest number of such frauds belong to Citibank from 2007-08 to December 2010 .RBI's committee has suggested a number of steps in...

  • Citibank fraud: 8 employees fired

    Citibank fraud: 8 employees fired

    A Chartered Accountant firm hired to help crack the Rs 460 crore fraud at a Citibank branch will submit its report soon, says Gurgaon police.Soon after the arrest of the alleged mastermind Shivraj Puri, relationship manager at Gurgaon branch, the Police had hired the firm to study money trail. ...

  • Citibank fraud: Hero CFO's police remand extended

    Citibank fraud: Hero CFO's police remand extended

    The Gurgaon court has extended police remand of Hero Group CFO Sanjay Gupta in Citibank fraud case by another seven days.?Sanjay Gupta who is the Chief Financial Officer of the Hero Group was arrested in connection with the 300-crore Citibank scam.The Hero Group CFO allegedly got kickbacks for ...

  • Citibank fraud: Vikram Pandit won't be questioned

    Citibank fraud: Vikram Pandit won't be questioned

    Citibank CEO Vikram Pandit and his colleagues in the bank's top-most rung will not be questioned in connection with the 300-crore Citibank scam that was born in Gurgaon near Delhi.Pandit and 10 other senior Citibank were named in an FIR filed by one of victims of the scam, Sanjeev Aggarwal. The Gurg...

  • Citibank fraud a systemic failure: Sanjeev Aggarwal

    Citibank fraud a systemic failure: Sanjeev Aggarwal

    Sanjeev Aggarwal, the first complainant in the Rs 300 core Citibank fraud, says the fraud is a systemic failure, and everyone is responsible for it.He claims he lost Rs 33 crores in the scam, and Citibank should make good his losses. He also alleges the fraud is not just a brank issue, and multiple ...

  • Citibank scam: Two more Hero executives who participated

    Citibank scam: Two more Hero executives who participated

    After its Assistant Vice President Sanjay Gupta was arrested in connection with the 300-crore Citibank scam, the Hero Group? has reportedly identified two more employees who participated in the swindle. "Ganpat Singh and Gaurav Jain -- working in the accounts department have also been identifie...

  • Citibank's Vikram Pandit won't be questioned: Gurgaon police

    Citibank's Vikram Pandit won't be questioned: Gurgaon police

    After one of its big investors filed an FIR naming Citibank CEO Vikram Pandit, and other senior officials, in the Rs 300 crore scam, the Gurgaon police have said they will not be calling Citibank's top bosses for questioning.The decision comes after Citibank issued a statement in strong defence of i...

  • Citibank fraud: FIR names CEO Vikram Pandit

    Citibank fraud: FIR names CEO Vikram Pandit

    The senior-most men at Citibank are now featuring in the controversy over a 300-crore scam pulled off by former manager, Shivraj Puri, who worked at the bank's Gurgaon branch.Puri was arrested last week and has been interrogated extensively by the Gurgaon police. On Tuesday, an investor named Sanjee...

  • Citibank fraud: Shivraj Puri's parents questioned

    Citibank fraud: Shivraj Puri's parents questioned

    The Gurgaon police has summoned for interrogation the parents of Shivraj Puri, who was suspended as a Citibank manager after he was accused of lying to clients and stealing close to 300 crores from them.The police also questioned officials from the brokerage firms Religare and Bonanza, used by Puri ...

  • Statement issued by Hero Group on Citibank fraud

    Statement issued by Hero Group on Citibank fraud

    The Hero Group on Friday acknowledged that it invested close to Rs 29 crores in schemes suggested by Shivraj Puri, the Citibank executive who is believed to have pulled off a 300-core scam at the Gurgaon branch of the bank. However, the group clarified that its flagship company, Hero Honda Motors, h...

  • Citibank fraud: Hero Group CFO, Sanjay Gupta, arrested

    Citibank fraud: Hero Group CFO, Sanjay Gupta, arrested

    Sanjay Gupta who is the Chief Financial Officer of the Hero Group was arrested in connection with the 300-crore Citibank scam today.The Hero Group CFO allegedly got kickbacks for investing the company's money through suspended Citibank manager, Shivraj Puri. He was produced in court where he was rem...

  • Citibank fraud: Reserve Bank of India to probe scam

    Citibank fraud: Reserve Bank of India to probe scam

    The Reserve Bank of India (RBI) has begun a probe into the Rs 300 crore fraud at Citibank's Gurgaon branch.RBI Executive Director G Gopalakrishna told reporters on Friday, that soon a statement in this regard would be made. ?Shivraj Puri, a bank executive, had duped customers into depositing Rs...

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