Gurgaon: Shivraj Puri, the main accused in the estimated Rs 400 crore fraud at Citibank's Gurgaon branch, was remanded in 14 days' judicial custody by a local court on Friday.
Chief Judicial Magistrate D N Bhardwaj ordered Puri to be taken into judicial remand for 14 days till January 28 at a hearing on Friday. Puri has been in police custody for the past 14 days in connection with the fraud.
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07:21 PM, Jan 14, 2011
Gurgaon: Shivraj Puri, the mastermind of the Rs 300 crore Citibank fraud, has implicated his father Raghuraj Puri in the case. Puri reportedly told the court that Rs 50 crore of the scam money was invested in his father's company. Police also told the Gurgaon court of Chief Judicial Magistrate DN Bhardwaj that Puri has said his father was an equal accomplice. Raghuraj Puri is a director in Norman Martin...
05:07 PM, Jan 12, 2011
Gurgaon: A local court on Saturday extended police remand of Hero Group's senior official Sanjay Gupta by seven days to January 15 in connection with the Rs 300 crore Citibank fraud case. Gupta, an Assistant Vice-President with Hero Group, allegedly invested about Rs 250 crore belonging to promoters of the Group and other companies through Shivraj Puri, the alleged master mind of the scam. Police had earlier arrested Gupta under...
03:49 PM, Jan 08, 2011
Gurgaon: Citibank manager Shivraj Puri, accused of masterminding a Rs 300 crore fraud, was handed a six-day police remand on Thursday. "Puri was produced in court and he has been remanded to six-day police custody," Puri's lawyer Sartaj Baswana said. An official said police took Puri's custody to trace an iPad that contains important information. Also, experts with knowledge in stock exchange functioning would question him during the remand period....
04:59 PM, Jan 06, 2011
New Delhi: The Reserve Bank is investigating the Rs 300 crore fraud in Citibank's Gurgaon branch, which saw diversion of depositors funds in stock markets. "RBI is investing the matter (Citi Bank fraud)," a key Reserve Bank source said. The fraud at the Citibank's Gurgaon branch, involving diversion of depositors money into the stock market, was uncovered last week. Several high networth individuals (HNIs), including promoters of Hero Group, were...
04:11 PM, Jan 05, 2011
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...
03:33 PM, Jan 05, 2011
Gurgaon: Two more Hero Group employees allegedly colluded with the company's former associate vice-president, Sanjay Gupta, in the multi-crore rupee Citibank scam. The Enforcement Directorate has asked Gurgaon police to give it documents related to the investigation. Hero Corporate Service on Wednesday released a statement saying the two employees - Ganpat Singh and Gaurav Jain - working in the accounts department are also involved in the nearly Rs 300 crore...
11:25 AM, Jan 05, 2011
Gurgaon: Raghuraj and Deeksha Puri, parents of Citibank manager Shivraj Puri who is accused of masterminding a Rs 300 crore fraud, were summoned by the police on Tuesday to help in the investigations, police said. Gurgaon Police Commissioner SS Deswal on Tuesday sent a letter to Raghuraj's Mumbai-based company Normans Martin as the parents remain untraceable, said a police officer, requesting anonymity. The police also unearthed eight accounts of the...
03:42 PM, Jan 04, 2011
Gurgaon: Another arrest in the sensational Citibank fraud case. Sanjay Gupta, associate vice president of Hero Corporate Services has been arrested for helping the main suspect Shivraj Puri. Puri who is in the police custody has confessed that it was Sanjay Gupta who helped him. Sanjay Gupta's arrest came less than a week after an executive at Gurgaon's Citibank branch, Shivraj Puri, was arrested on charges of defrauding wealthy customers....
10:01 PM, Jan 03, 2011
Gurgaon: Hero Group CFO Sanjay Gupta has been arrested by Gurgaon police in the multi-crore Citibank fraud case. Sources told CNN-IBN that Gupta recommended Citibak employee Shivraj Puri to other people in the Hero Group in return for a commission of about Rs 20 crore from him. He has been sent to police custody for five days. Gupta was also aware of the fact that Puri used to present fake...
01:20 PM, Jan 03, 2011
New Delhi: The probe into the Rs 300 crore Citibank fraud has gained momentum. The Gurgaon Police have questioned executives from brokerage firms Religare and Bonanza and the CFO of the Hero Group, Sanjay Gupta. Sources say Citibank's Shivraj Puri channeled funds from his clients to his own account and then passed on to brokerage accounts at Bonanza and Religare. "We are finding out the mode of the payment, other...
09:13 PM, Dec 31, 2010
Chandigarh: Reserve Bank of India (RBI) on Friday said it has initiated a probe into the Rs 300 crore fraud at Citibank's Gurgaon branch and would soon issue a statement in this regard. "Any bank where fraud (has taken place), we cannot (ignore)...and from banking side we have to do our own job…how it (Citibank fraud) has happened and what are the implications," RBI, Executive Director, G Gopalakrishna told reporters....
06:31 PM, Dec 31, 2010
New Delhi: Hero Group on Friday admitted that it is a victim of the Citibank fraud in Gurgaon, but dismissed reports that either Hero Honda Motors Chairman Brijmohan Lal or his son Pawan Munjal have anything to do with this matter. In the midst of reports that the Hero Group may have invested a huge amount with Shivraj Puri, the relationship manager in Citibank's Gurgaon branch who is said to...
02:54 PM, Dec 31, 2010
Gurgaon: The investigation into the over Rs 300 crore Citibank fraud in Gurgaon is getting wider with two brokerage firms now coming being the scanner. Gurgaon police are now questioning executives of brokerage firms Religare and Bonanza. Police officials say that the bulk of the money collected by Citibank staffer Shivraj Puri, who is accused of masterminding the fraud, went to two brokerage firms. Sources say Puri after collecting funds...
01:03 PM, Dec 31, 2010
New Delhi: Hero Group, one of India's largest business houses, on Thursday said that it is a victim of the estimated Rs 300 crore Citibank fraud in which some investors were allegedly swindled. "Some of the Hero Group entities, along with some others, are victims of the fraud conducted through one of the Citi branches in Gurgaon," Hero Group said in a statement. The group said an enquiry is in...
11:22 PM, Dec 30, 2010
New Delhi: The bank fraud at Citibank's Gurgaon branch has shocked consumers. The Reserve Bank of India warned banks earlier this year about an increase in bank frauds, especially in private banks. We take a look at some of the top banking frauds of all time. 1. Jerome Kerviel Jerome Kerviel is a French trader who was convicted in 2008 for causing trading loss, breach of trust, forgery and unauthorized...
05:38 PM, Dec 29, 2010
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08:50 PM, Jan 28, 2010
New Delhi: Sachin Tendulkar feels that being madly in love with cricket has helped him stay at the top for more than two decades. Asked how elite sportspersons guard themselves from various aspects like pressure and injuries, Tendulkar said,I can answer from a cricketer's point of view. You have got to be madly in love with cricket. Before you lay a foundation on the cricket field, there should be a...
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