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FM rules out systemic failure in alleged fraud at Citibank
Published on December 30, 2010
Finance Minister Pranab Mukherjee on Wednesday ruled out any systemic failure in alleged fraud at Citibank which is estimated at 400 crore rupees.
Talking to reporters in New Delhi on Wednesday, he said, there are regular regulations and all other precautions are being taken.
An FIR for cheating and forgery against a bank employee and three others was lodged and 18 accounts having close to four crore rupees have been frozen.
