Gurgaon, December 31: Police today questioned Chief Financial Officer of Hero Corporate Services over investment with a Citibank official suspected to be involved in a Rs 300 crore fraud even as they claim that the money was safe.
Brijmohan Lal Munjal-led Hero Group meanwhile admitted today that its exposure to the fraud allegedly done by Citibank’s Gurgaon branch Relationship Manager Shivraj Puri is to the tune of Rs 28.75 crore and it was done through its entities.
Hero Corporate Services Ltd CFO Sanjay Gupta and senior officials of the brokerage firms Religare and Bonanza were called by Police to ascertain the money trail into the whole episode.
Gurgaon Police Commissioner S S Deswal said that Gupta was called as part of investigations as a major chunk of the money has gone into brokerage firms–Religare and Bonanza– whose officials were also called for questioning.
–Agencies