Fall From Grace At Citibank India

Four top officials of scandal-plagued Citibank India have resigned. Bank insiders say the final push out the door came when officials of the U. S. Federal Reserve visited Bombay in mid-January to investigate the involvement of U. S. banks in a scandal that led to the crash of the Bombay stock market last April. The top Citi executive to step down was the bank's former chief of corporate banking in India, A. S.Thiyagarajan.

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