The Income Tax Department may conduct a probe of its own into the Rs 400-crore fraud exposed at Citibank’s Gurgaon branch to ascertain if black money found its way into the ponzi scheme designed by Relationship Manager Shivraj Puri.
“The department may look into the matter to find out if unaccounted money was routed to the stock market or elsewhere with the help of the accused,” sources said. However, the I-T Department is yet to initiate action on the fraud, which at present only covers the investment made by about 20 corporate entities and two dozen high net-worth individuals (HNIs).
Only one HNI client — Helion Advisors Pvt Ltd Managing Director Sanjeev Aggarwal, who lost about Rs 33 crore — has filed an FIR, in which he accused the top officials of Citibank NA, including country head, of being the perpetrators.
The police also alleged that Puri used to give fake receipts and bank statements to mislead his clients. The police report filed before a city court here said Puri used to divert the invested money into demat accounts held by his kin in Religare and Bonanza.
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