All articles by Shubhreet K

Shubhreet K

While Citi slept: A one-off scam?

Citibank Indias alleged $86m fraud is raising questions about whether it highlights a systemic risk to the countrys wealth management industry or remains a one-off event Shubhreet K asks whether the fraud will tarnish Citis and Indias reputation or if the damage will be short-lived. An alleged scam at a Citibank branch in the Indian city of Gurgaon has blown up to bring Indias entire wealth management industry under the microscope.