GURGAON: Sanjay Gupta, AVP of Hero Corporate Services, has been arrested in connection with the Citibank fraud case. Sources say that he will be produced in a Gurgaon court at 2 pm.
Sanjay Gupta's involvement not just as an investor but also as an accomplice is being questioned. It is believed that the prime accused Shiv Raj Puri had parked his funds in an illegal brokerage firm floated by Sanjay Gupta of the Hero Group. Hero Corp had clarified earlier that it lost money to the tune of Rs 29 crore in the Citibank fraud case.
It is also believed that Sanjay Gupta has been running many small financial firms which have nothing to do with the Hero Group. Gupta is believed to have also cashed in commissions worth Rs 15 crore.
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Citibank fraud: Hero Honda employee held
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Citibank fraud: Hero Honda employee held
by aryan on Mon Jan 03, 2011 11:06 am
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