A local court on Friday extended the judicial custody of Shivraj Puri, the alleged mastermind of the Rs 400 crore Citibank fraud, and co-accused Sanjay Gupta, till February 25. The two are currently lodged in the Bhondsi jail.
Chief judicial magistrate D N Bhardwaj extended the custody by 14 days. He announced the extension using the video conferencing facility at the hearing.
Puri, a relationship manager employed with Citibank's Gurgaon branch, allegedly duped high networth individuals (HNIs) and corporates by collecting funds from them on a promise of unusually high returns.
Gupta allegedly arranged funds for Puri and in lieu got commission of Rs 20 crore. A multi-pronged probe involving the police, banking regulator RBI and capital markets watchdog Sebi is currently underway in the fraud case.
Shivraj Puris father also tried to get an anticipatory bail from the Punjab and Haryana High Court. The case is pending in the HC. Earlier, a city court had rejected the anticipatory bail of Puris mother Diksha Puri.
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