City police officials probing into the R300-crore Citibank scam have claimed that several high networth investors (HNIs) had approached them with complaints that their holding assets such as securities, mutual fund units etc were liquidated without their knowledge by Citibank officials.
The police, sources said, were in touch with all investors which include about 20 corporate entities. These investors have complained to the police about liquidation of their shareholding from their demat accounts without their knowledge. The complainants, most whom favoured anonymity, had claimed that they had suffered huge losses, officials said.
The complainants had alleged that Puri was not only managing their wealth investment accounts but operating these accounts. He would also liquidate holding assets and invest the same in various brokerage firms without their knowledge or permission, the police officials added. The police said in addition to some of the HNIs approaching the police department, they too were trying to contact those who were either not aware of the fraud or not willing to come forward.