Rs 400 crore fraud at CITIBANK Gurgaon branch

I was actually stunned to know this and posted the news with na intention that others also don't know about this fraud..
It is shocking to see a top company in banking section for negelecting its reputation.. :(

Can you ever trust standard organization now...

Such frauds occur due to some weak or corrupt links in the bank or any other organisation. If everyone does his/her part carefully , such frauds will be less at least.

year 2010 was full of fraud's and large amount caused a huge inflation in our country and what a year it was and hope these of allegations never happen in future.

These type of frauds are weakening country's backbone . To damn with the people who are involved with this type of fraud.

Citibank is in the thick of news these days! These kind of fraud could not have been perpetrated without insider's hand!

No one understand to do their work honestly. If they would had understand, such crimes would be very less.

A banking fraud, which could run into a whopping Rs. 400 crore, has been unearthed at the leading multinational lender Citibank's Gurgaon

Rajani K wrote:
[quote]I was actually stunned to know this and posted the news with na intention that others also don't know about this fraud..
It is shocking to see a top company in banking section for negelecting its reputation.. :(

Can you ever trust standard organization now...[/quote]

all companies are ultimately managed by individuals whose character matters. As investors, we should be careful to deal only in the office premises in due course and not outside. We should be caution when any unusual benefit is offered or there is any unusual feature.

Many many week links are there in all banks.This is really stunning news.

Some time back in saw a forum post where a bank is setting interest based on numerological figures . it tells us that how they are playing with public.