Citigroup Trader Fired Over Currency Probe Sues in Singapore
- Bank claims trader involved in attempt to rig dollar/yen
- Trader fired the day after she returned from maternity leave
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A former Citigroup Inc. trader fired over claims she and a colleague colluded to rig the currency market sued the bank in Singapore for wrongful dismissal.
Tian Yuhui, fired the day she returned to work after a four-month maternity leave, is suing for loss of income, deferred stocks and cash awards and for her job to be reinstated, according to a lawsuit filed in August at the Singapore High Court. She’s also asking Citicorp Investment Bank (Singapore) Ltd., the bank’s local unit, to rescind “adverse notifications” sent to regulators.