Citibank transfers over Rs 3,600 crore by mistake, the court says transactions not subject to revocation
Shortpedia
Content Team
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In what could be termed as the biggest mistake in the banking history, Citibank transferred USD 900 million to a group of lenders, only to be later told by the US court that the transaction was "final and complete transactions, not subject to revocation." A US federal judge on Tuesday said Citigroup Inc is not entitled to half a billion dollars of its own money that it mistakenly wired, as per report.
