Citibank fraud: Sanjeev Gupta denied bail | Latest News India - Hindustan Times
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Citibank fraud: Sanjeev Gupta denied bail

Hindustan Times | By, Gurgaon
May 19, 2012 11:39 PM IST

A Gurgaon court on Saturday rejected a review petition for bail of Sanjay Gupta, former associate vice-president of Hero Corporate Services and one of the co-accused in the Rs. 400 crore Citibank fraud case. This was Gupta’s sixth attempt to secure bail.

A Gurgaon court on Saturday rejected a review petition for bail of Sanjay Gupta, former associate vice-president of Hero Corporate Services and one of the co-accused in the Rs. 400 crore Citibank fraud case. This was Gupta’s sixth attempt to secure bail.

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The bail was rejected on the ground that the accusations against him were “quite grave” and “more than 100 witnesses are still to be examined by the prosecution.”

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Gupta was arrested in January 2011 for allegedly conniving with Shivraj Puri, the main accused in the case, who had conned several Citibank customers.

-Deevakar Anand

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