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Quick Edit | Not a trivial pursuit

Quick Edit | Not a trivial pursuit
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First Published: Tue, Jan 04 2011. 11 43 PM IST
Updated: Tue, Jan 04 2011. 11 43 PM IST
What would you do if a bank you trusted lost $7 million of your money, albeit through the shenanigans of an alleged rogue employee? A well-heeled Gurgaon resident who suffered this fate at the hands of a Citibank India employee has filed a police complaint that names, among others, Citi’s global CEO Vikram Pandit and chairman William R. Rhodes.
The complainant’s anger is understandable and justifiable and, given the way India’s law enforcement and judicial system operate, it is just possible that Messrs Pandit and Rhodes end up having to appear before Indian courts to explain their side of the story.
The complaint does hint at the farcical—it also names a bunch of senior Citibank India executives—although this newspaper will be the first to admit that there is nothing funny about someone losing $7 million of your money.
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First Published: Tue, Jan 04 2011. 11 43 PM IST