Hero Group exposure to Citi fraud 287.5 mln rupee


MUMBAI, Dec 31 (Reuters) - India's Hero Group said on Friday its exposure in the alleged financial fraud unearthed at Citigroup's Gurgaon branch in Haryana state was 287.5 million rupees and that it was taking action to recover its dues. On Dec 28, US-based Citigroup had said it was investigating a set of suspicious transactions based on what it said were forged documents by an employee at a branch in India. A person familiar with the matter had said the transactions may involve between ...

Premium Content (PAID Subscription Required)

"Hero Group exposure to Citi fraud 287.5 mln rupee" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: lwilliamson@wardsauto.com or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×