January 05, 2011

In India, Every One Is A Shivraj Puri in Citigroup more Puri will come out soon

The Citibank scam now threatens to hound top Citi honchos. In the first FIR lodged in the Rs 300-crore fraud, The disgraced Citibank relationship manager Shivraj Puri was interrogated for almost four hours by the Gurgaon Police on Thursday following his arrest. A senior officer told TOI Puri had confessed "Citibank has no role in this episode and he has done it on his own".
On Friday, the cops also questioned Sanjay Gupta, chief financial officer of Hero Group, which is reported to be the largest investor lured by Puri, with an exposure of Rs 28.75 crore via its entities.
On the other hand, Gurgaon police on Tuesday filed a case of criminal breach of trust, falsification of accounts, cheating and criminal conspiracy against all top bosses of the bank, including group CEO Vikram Pandit, chairman William Rhodes, chief operating officer Douglas Peterson and chief financial officer John Gerspach — all based in New York. According to TOI.
Do you know, Citigroups has world's largest financial services network, spanning 140 countries with approximately 16,000 offices worldwide. The company employs approximately 260,000 staff around the world, and holds over 200 million customer accounts in more than 140 countries. But Citigroup suffered huge losses during the global financial crisis of 2008 and was rescued in November 2008 in a massive bailout by the U.S. government.Do you know why Citigroups faced a huge loose and still facing? This is because of it's dishonest employees. Being a employ  I worked more than five years in Citigroup and paralytically experienced that 90% employees are dishonest and corrupted in Citigroups, starting from the manger to executive every one is dishonest.  In India Every one is a Shivraj Puri in Citigroup more Puri will come out soon.
At last I would like to say that Citigroup must need to reform his employees to remain the best in world market. If not than that day is not far when Indian employee will erase the name of Citigroup from world market.


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