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Citi fraud: 2 more Hero Group employees involved

Gurgaon: Two more Hero Group employees allegedly colluded with the company’s former associate vice-president, Sanjay Gupta, in the multi-crore rupee Citibank scam. The Enforcement Directorate has asked Gurgaon police to give it documents related to the investigation.

Hero Corporate Service on Wednesday released a statement saying the two employees – Ganpat Singh and Gaurav Jain – working in the accounts department are also involved in the nearly Rs 300 crore scam masterminded by Citibank employee Shivraj Puri.
“Following an initial internal enquiry, two employees – Ganpat Singh and Gaurav Jain – working in the accounts department have also been identified to have been in possible collusion with Sanjay Gupta and Citibank employees,” Hero Corporate Service said in statement.

Both Singh and Jain have been sent on leave with immediate effect by the company, the statement added.

“This is in addition to the suspension of Gupta by the company. Further appropriate action will be taken after the final outcome of the enquiry,” it said.

However, Gurgaon police say top Citibank officials like CEO Vikram Pandit and Chairman William Rhodes can’t be responsible even though they along with nine other senior bank officials have been named in an FIR filed by a high netwoth individual Sanjeev Aggarwal.

Aggarwal was a regular client of Shivraj Puri and has claimed in his FIR that Citibank officials cheated him to the tune of Rs 32 crore.

But sources say only the Gurgaon branch where Shivraj Puri was working has to be held accountable for the scam. Sources add that Ganpath Singh and Gaurav Jain’s name have also come up in investigations. Police are concentrating on officials working in Puri’s branch and the money trail is yet to be ascertained.

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