Citibank fraud: Victim seeks to withdraw complaintJanuary 24th, 2011 - 11:49 pm ICT by IANS
Gurgaon, Jan 24 (IANS) In a new twist in the Rs.300 crore Citibank fraud, one of the high-profile victims Monday announced he was withdrawing his complaint against senior bank officials including its chief executive, Vikram Pandit. Police said this was not possible.”With reference to the FIR registered on Jan 4, 2011, concerning the fraudulent investment of funds from our account, we have today (Monday) decided not to pursue our complaint against Citibank and its senior management. Through discussions with Citibank, we have been apprised of additional facts we were not aware of earlier, and the complaint against Citibank and its senior executive officers is not appropriate,” said Sanjeev Aggarwal, MD, Helion Advisors, in a official statement issued here.
“We regret any inadvertent impact the complaint has had on the reputation of Citibank and its senior executive officers,” said Agarwal, who claimed to have lost Rs.33 crore in the scam.
Aggrawal, who co-founded business process outsourcing firm Daksh that was later acquired by IBM, has filed a cheating case against Citibank and 11 others, including Pandit, chairman William R. Rhodes, chief financial officer John Gerspach and chief operating officer Douglas Peterson and prime accused, bank manager Shivraj Puri, charging them with falsification of accounts, breach of trust and criminal conspiracy.
Gurgaon police contended the FIR is a permanent complaint and the complainant cannot take it back as the investigation has not been finished yet.
“We are still investigating the case and we cannot cancel the FIR as the investigations have not been finished. It is not possible for the complainant to take it back,” Gurgaon Police Commissioner S.S.Deswal said.
Puri, accused of masterminding the fraud, was Friday sent to 14 days’ judicial custody in what is being called one of the biggest banking scams in India.
He allegedly managed to con companies and high net worth individuals after forging a Securities and Exchange Board of India (SEBI) document that purportedly backed his claims about schemes offering high returns.
He surrendered to police Dec 30 and was handed a week-long police remand by a special court in Gurgaon the same day. Later, the police remand of Puri was extended for 6 days Jan 6 and for two more days on Jan 12.
Working as a relationship manager, Puri allegedly cheated investors by asking them to deposit money in accounts managed by him, promising to invest it in schemes that offered very high interest within a short span of time.
- 'Top brass involved in Citibank fraud' - Jan 05, 2011
- Citibank fraud: Gurgaon Police registers FIR against Citi Group CEO Pandit - Jan 04, 2011
- Rs.300-cr Citibank fraud accused gets six more days in remand (Roundup) - Jan 06, 2011
- Net widens on alleged Rs.300 crore Citibank fraud case (Roundup) - Jan 05, 2011
- Several parties involved in Citibank fraud, says Aggarwal - Jan 05, 2011
- First complaint lodged in Citibank fraud case, top brass named (Second Lead) - Jan 04, 2011
- Citibank fraud: Puri sent to judicial custody till Jan.28 - Jan 14, 2011
- Citibank fraud: Main accused Puri's remand extended till Friday - Jan 12, 2011
- First complaint lodged in Citibank fraud case (Lead) - Jan 04, 2011
- Citibank fraud: Gurgaon Police summons Puri's parents for interrogation - Jan 04, 2011
- Hero Group official held in Rs.300 crore Citibank fraud (Third Lead) - Jan 03, 2011
- Top Hero Group official held in Citibank fraud (Second Lead) - Jan 03, 2011
- Citibank fraud accused sent to 14 days judicial custody - Jan 15, 2011
- Top Hero Group official held in Citibank fraud (Fourth Lead) - Jan 03, 2011
- Citibank scam: Puri's father sent to police custody - Apr 05, 2011
Tags: aggarwal, bank officials, breach of trust, business process outsourcing, chairman william, citibank, complainant, criminal conspiracy, crore, daksh, douglas peterson, executive officers, falsification, fraud victim, helion, high net worth individuals, judicial custody, new twist, police commissioner, sanjeev