HNI investor Sanjeev Aggarwal has alleged that another fraud has been perpetrated at Citibank, this time in its wealth management scheme. In an FIR filed on Tuesday, he named 11 Citibank officials, including Citigroup CEO Vikram Pandit in connection with this alleged fraud. He says he received inflated portfolio statements from the bank for his investments, and that Citibank must make good his losses.
Meanwhile, sources at Citibank claim Aggarwal received Rs 3.8 crore in payments from Premnath's accounts in October-November 2010. They add that he paid Bonanza and Religare directly using demand drafts. In a candid interview on CNBC-TV18, Sanjeev Aggarwal, founder of PE Firm Helion Venture Partners put his allegations in perspective. Below is a verbatim transcript. Also watch the accompanying video. Q: Let me start first by talking about the insinuations and there is plenty of them doing the rounds unofficially at this point in time. Insinuation number one is that you got about Rs 3.8 crore into your account from PremnathDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
