Shivraj Puri

  • ED to interrogate Citibank-fraud mastermind Puri August 2, 2011

    New Delhi: Enforcement Directorate will now interrogate Shivraj Puri, the mastermind of Rs 461 crore-fraud case at the Citibank branch in Gurgaon under the provisions of anti-money laundering laws. The Directorate will question the Citibank's Global Wealth Manager Puri, who was working at the branch of the bank and is...
  • Citi fraud: Puri's father sent to police custody April 5, 2011

    Gurgaon: A local court on Tuesday remanded Raghuraj Puri, father of Shivraj Puri who is the alleged mastermind behind the Rs 400-crore Citibank fraud, in police custody for two days. Another accused Rajendra Chand has also been remanded in police custody for two days. ...
  • Citi fraud: services of 7 employees terminated March 8, 2011

    Gurgaon: Citibank has terminated services of 7 employees at its Gurgaon branch, where Rs 460 crore fraud was detected last year. "Following disciplinary procedures, services of a few employees of our Gurgaon branch have been terminated," a Citibank spokesperson said on Tuesday. ...
  • Citi fraud: 14 days judicial custody for Puri January 14, 2011

    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...
  • Citibank fraud: Puri implicates his father January 12, 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...
  • Citi fraud: Puri's remand extended till Jan 14 January 12, 2011

    Gurgaon: A local court on Wednesday extended police remand of Shivraj Puri, the main accused in the alleged Rs 400 crore Citibank fraud, by 2 more days till January 14 as police is yet to recover iPad considered to be vital evidence. The Chief Judicial Magistrate DN Bhardwaj remanded Puri...
  • Citi fraud: Puri handed a six-day remand January 6, 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...
  • Citi fraud: Victim says bank must compensate January 5, 2011

    New Delhi: The first complainant in the Rs 300 crore Citibank fraud, has described it as a systemic failure and has alleged the fraud is not just a bank issue, and multiple parties might be involved. Sanjeev aggarwal, MD, Helion Advisors says, "I came to know about this a month...
  • RBI starts investigating the Citibank scam January 5, 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...
  • Citibank fraud not a one-man show: petitioner January 5, 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...
  • Citi fraud: 2 more Hero Group employees involved January 5, 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...
  • Fraud: FIR against Citi CEO Vikram Pandit January 5, 2011

    Gurgaon: The Gurgaon police on Tuesday registered an FIR Citibank CEO Vikram Pandit and 10 other top officials in the Rs 300-crore Citibank fraud case. The fraud at the bank's Gurgaon branch, involving diversion of depositors money into the stock market, was uncovered last week. Besides Pandit, the FIR filed by a...
  • Citibank manager's parents summoned by police January 4, 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...
  • Hero CFO arrested in the Citibank fraud case January 3, 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...
  • Hero Group CFO arrested in Citibank fraud case January 3, 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...
  • Citibank fraud investigations gain momentum December 31, 2010

    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...
  • RBI initiates probe in Citibank fraud December 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...
  • Hero Group says it's a victim of Citibank fraud December 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...
  • Citibank fraud: Brokerage firms staff grilled December 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...
  • Hero Group says it's victim of Citibank fraud December 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...
  • Citibank fraudster in the net December 31, 2010

    New Delhi: Shivraj Puri, the man who made away with Rs 300 Crore from top Citibank clients over seven years arrested on Thursday by the Gurgaon police for fraud, criminal conspiracy, forgery and cheating. But this arrest is just the beginning; the police are now looking at a much bigger...
  • Citibank staff accused of fraud arrested December 31, 2010

    Gurgaon: Shivraj Puri, the Citibank employee who duped many people of crores of rupees, has been sent to seven days Police custody. Earlier in the day he was arrested by Gurgaon police. Puri was arrested on Thursday for allegedly causing a loss of Rs 200 crore to corporate entities and...
  • The top banking frauds of all time December 31, 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...