Citi-fraudster arrested in Gurgaon

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Citibank
Gurgaon, Dec 30: Yes, the man who siphoned off a whopping Rs 400 crore from various accounts in Citibank's Gurgaon branch has been arrested. The Gurgaon police has claimed that they made the arrest on Thursday, Dec 30. He was absconding and a look-out circular was issued for him.

The bank's relationship manager was reported to be soft-spoken and reserved. He produced fake Securities and Exchanges Board of India (SEBI) documents to con customers to depositing funds into accounts created in the names of his relatives.

The bank authorities said that the customers money won't be affected. 30 high-net worth individuals have been duped into parting with their money, leading to such a huge fraud.

Dalbir Singh, assistant commissioner of police, Gurgaon in a statement said, "A relationship manager, Puri's job was to open accounts for customers. He opened three in the name of Premnath, Sheila Premnath and Diskha Puri, all his relatives. The circular on a forged letterhead of SEBI stated that by depositing money in those three accounts, the Citibank account holders could get benefits, apart from a higher rate of interest."

"There's no count of how much was deposited in the accounts of Premnath, Sheila and Diksha but it could be well over Rs 100 crore," Singh added.

Shiv Raj Puri surrendered in Gurgaon on Thursday, Dec 30.


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