Senior police officials step in to probe case | delhi | Hindustan Times
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Senior police officials step in to probe case

Not satisfied with the pace of investigation in the Rs 400 crore Citibank fraud, the Gurgaon police commissioner handed over charge of the case to senior officials on Tuesday. Sanjeev K Ahuja reports.

delhi Updated: Jan 12, 2011 01:51 IST
Sanjeev K Ahuja

Not satisfied with the pace of investigation in the Rs 400 crore Citibank fraud, the Gurgaon police commissioner handed over charge of the case to senior officials on Tuesday.

In a bid to give definite direction to the probe, investigating officials in the case were changed.

While 16 days have passed since the scam was unearthed, the ongoing probe does not seem to have arrived at any conclusive finding.

While high net worth individual (HNI) Sanjeev Aggarwal, the managing director of Helion Advisors Pvt Ltd and a resident of DLF City, had filed an FIR registered against 11 officials of Citibank, including global chief executive officer Vikram S Pandit, on January 4, investigation on his complaint finally kicked off on Tuesday.

Deputy commissioner of police (crime) Mitesh Jain has been appointed as the investigating officer (IO) in this case.

Aggarwal had pegged his loss at around Rs 32.43 crore and was among the first investors to complain against Citibank officials, including scam mastermind Shivraj Puri.

The Gurgaon police, however, have already clarified that it would not be approaching the top brass of Citibank named in the FIR for questioning, as they have no direct involvement in the fraud case.

It was said that only Citibank officials posted at the Gurgaon branch will be questioned.

Till now, only two FIRs have been registered against Puri while the number of complaints filed by corporate entities and HNIs stand at 40.

On the other hand, the department has also transferred the case to a senior officer. Earlier, Babu Lal, station house officer of DLF City police station, was the investigating officer while now assistant commissioner of police Dalbir Singh has taken charge of the case.

The decision to change the investigation format was taken by Gurgaon police commissioner SS Deswal.