Wednesday, January 5, 2011

Citibank fraud not a one-man show: petitioner


New Delhi: The petitioner in Citibank fraud case Sanjeev Aggarwal on Wednesday slammed Citibank, saying the multi-national bank should own up for whatever has gone wrong.
He said that he had sent many queries regarding unauthorised inflows in his account, but none of them were answered. Aggarwal said, "I came to know about this a month back, when we got a very cryptic call from Citibank officials, stating that there is a problem in Shivraj's account. Ever since, we have been in talks with them. Eventually, it led to my filing the FIR."
Stating that the fraud cannot be a one man show, he said, "Shivraj Puri was introduced to me three years back and has been managing our account since then. The problems started one year back. Shivraj Puri alone can't do such a huge fraud, others must be involved."

Aggarwal also stated that for the last one year, Puri was the only person from Citibank who visited them. He said, "That is the biggest surprise that when an account is depleting in Citibank's books, normally one would expect that multiple people would show up. Earlier, it did happen but in the last one year, he was the only one coming to see us."


Claiming to have lost Rs 33 crore in the Citibank fraud, Aggarwal said, "We have not been shown any SEBI document, it was a wealth management account." Aggarwal added that if Citibank doesn't agree with it, the police will decide on it.


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