Tag "Citigroup"
Citigroup Mexican Unit Said to Have Committed Decade-Long Fraud
(Bloomberg) – Citigroup Inc. said it discovered that the private-security unit in its Mexican bank engaged in illegal and unauthorized activities that included working for people outside of the bank and using intercepted phone calls. The fraud at Banamex, which began around
Read MoreCitigroup Fires 11 More in Mexico Fraud Allegations
Citigroup is quick to their defense, firing 11 more employees (including 4 high-rank executives) to their costly fraud charges at their Mexican business. Deal Book reports that on Monday afternoon, the board of the bank was briefed on an internal investigation
Read MoreCitigroup Reveals Alleged Fraud in Mexico
Citigroup Inc. said it has discovered alleged fraud in its dealings with a second company in Mexico, which a person familiar with the matter identified as Representaciones y Distribuciones EVYA. EVYA, an engineering and construction firm, is a supplier to Mexican
Read MoreCitigroup Employee Questioned by Mexican Police Over Alleged Fraud
Citigroup Inc. employee was questioned by Mexican police as a suspect in the alleged theft of $400 million taken from their bank, according to WSJ.Whichever employee stole the money appears to be jnior at the company and worked for the bank’s Mexico
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