Citi fraud – Puri sent to 14 days' judicial custody

Shivraj Puri, the main accused in the estimated Rs 400 crore fraud at Citibank’s Gurgaon branch, was remanded in 14 days’ judicial custody by a local court today. Chief Judicial Magistrate D N Bhardwaj ordered Puri to be taken into judicial remand for 14 days till January 28 at a hearing today. Puri has been in police custody for the past 14 days in connection with the fraud.

Puri, who was formerly a Relationship Manager at Citibank’s Gurgaon branch, was initially taken into 7 days’ police custody on December 30, 2010, after the Rs 400 crore scam was detected. Later, police remand of Puri was extended for six days on January 6 and then, subsequently, for two days on January 12.