HNIs cry foul, say Citi offered settlement in Dec: Sources

There are more skeletons tumbling out of the closet as the Citibank fraud investigations unfold. A few high net individuals are now claiming that Citi offered settlement to the tune of 60-70% of invested funds in December. In fact, sources tell CNBC-TV18 that Shivraj Puri and some HNIs had signed private memorandum of understandings for recovery.

January 05, 2011 / 22:25 IST

There are more skeletons tumbling out of the closet as the Citibank fraud investigations unfold. A few high net individuals are now claiming that Citi offered settlement to the tune of 60-70% of invested funds in December.

In fact, sources tell CNBC-TV18 that Citibank's relationship manager Shivraj Puri and some HNIs had signed private memorandum of understandings for recovery. However, they add that the bank

first published: Jan 5, 2011 10:23 pm

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