New Delhi: 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 parties must be involved in such a big fraud.
According to him, the bank did not reply to the four queries sent by him.
Earlier today, the Hero Group reportedly identified two more employees - Ganpat Singh and Gaurav Jain, working in the accounts department - who participated in the swindle. Hero's Assistant Vice President Sanjay Gupta was arrested in connection with the 300-crore Citibank scam on Monday.
Shivraj Puri, a former Citibank manager from Gurgaon, convinced corporate and individual clients to hand over their money to him for high-return investment schemes. Those schemes did in fact not exist. Puri diverted the money into the market through different broking firms, whose officials are being questioned repeatedly by the Gurgaon Police.