The Enforcement Directorate will soon file a case of money laundering in connection with the Rs 400 crore fraud allegedly perpetrated by a Citibank employee.
Official sources said the Directorate, which has studied the details of the police FIR in the case and scrutinised other aspects of the scam, has decided to file a case under the stringent Prevention of Money Laundering Act.
The scam, which came to light late last year, shook the banking sector. Investigations into the irregularities at Citibank Gurgaon branch came in the wake of a complaint that the bank was offering abnormal returns on an investment scheme for investors.
It was found that Relationship Manager Shivraj Puri had allegedly collected the money, including from certain top corporates, on the basis of a fake SEBI circular that claimed the scheme had the market regulator’s approval.
Me and my parents accounts are still frozen as they were used by Shivraj Puri to conduct a 400 crore fraud
All 3 of us were declared not accused in the conduct of the fraud in writing bye the Gurgaon police Crime department in 2013 soon after the fraud.
Our money is still frozen despite several appeals by our lawyers and my personal correspondence on several occasions to the Enforcement Directorate have remained unanswered
This gross misconduct of justice left my parents dependent on their children, affecting their lives tremendously
They are now both deceased having had no access to their lifelong savings
My father served in the Indian army in WW2 then had a career in the Indian railways
I myself am a graduate of the Armed Forces Medical College, Poona
We seek any support we can get to retrieve
Our legal funds
Please contact me if any support to end this saga for our family is available
Sven the Indian newspapers have turned a blind eye