Escolar Documentos
Profissional Documentos
Cultura Documentos
Prepared by: Ravi Baravaliya (M00037) Chetan Panara (M00086) Nikunj Patel (M00023) Bhavin Patoliya (M00025) Mahipal Chauhan (M00052)
Source:
http://finance.indiamart.com/investment_in_india/scheduled_commercial_banks.html
http://www.banknetindia.com/banking/combank.htm
Citibank India
Established in 1902
Modus Operandi
Shivraj Puri Relationship Manager, Gurgaon branch
Collection of funds
HNI & Corporate 51 HNI, Hero Group, Helion Advisors Pvt. Ltd.
Sheila Premnath
Deeksha Puri
Shivraj Puri
Brokerage Account
Religare Securities Ltd., Bonanza Portfolio Ltd., India Info line Ltd Normans Martin Brokers Pvt. Ltd. (Raghuraj Puri)
Gullible Investors
How Easily tricked by Mr. Shivraj Puri ? Investors are greedy for 25 % Rate of Return vs Puris Greed.
How fool of Customers? Signing cheques Electronic fund transfers to an individual account. Fake Excel sheet statements. Portfolio management services. Others Reasons : Nuances are not Clear. Extent of Loss are also not known. Citibank liability is not clear. Excuse by Bank.(Awards) City insider only hopeful about part of money recover.
Cont
Mr. Puri is concentrated on only Looting Investors. There is a Personal touch in whole Relationship.(Start a bank) Mind of Mr. Puri for Investors Vs Hero Group (Looting by employee). Name of Investor: Munjal Family (Hero Group) / Through Sanjiv Gupta / Lost 28.89 crore. Sanjiv Agrawal (Venture capitalist) (33 crore lost) Relationship Master: (Joint family venture) Fraud Based on Relationship with help of Relationship. System is working for Mr Puri. Note: HNIs have no time to manage their money and leave the job to Wealth and Relationship managers.
Process of System
HNI Minimum investments Rs.10 lacs
A System Failure?
Fake SEBI circular
Misrepresentation of high return Amount transferred in familys Saving account