Charges framed against the accused in the Rs 400-crore fraud
A Gurgaon court on Thursday finally framed charges against all the accused in the Rs 400-crore Citibank scam.india Updated: Nov 11, 2011 23:10 IST
A Gurgaon court on Thursday finally framed charges against all the accused in the Rs 400-crore Citibank scam, including former Citibank relationship manager Shivraj Puri, his parents, former Hero Corporate vice-president and others.
The court also rejected the second anticipatory bail application of the main accused Diksha Puri — Shivraj’s mother — who had already been announced proclaimed offender for avoiding arrest.
The court turned down the plea for dropping Puri’s parents from the charges of conspiracy despite the defence lawyers contending that Puri had forged his parents signatures without their knowledge and it was confirmed in the SFL report.
Puri had lured high networth individuals (HNIs) and corporate entities, majorly from Hero group, into making investments and diverting these investments into stock market and causing them huge losses.
The trial against the accused would begin in the court of the Judicial Magistrate First Class Ashok Maan.