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After his arrest this morning, Shivraj Puri, the alleged mastermind behind the Rs 300-crore Citibank fraud, was sent to seven day's police custody.

Shivraj Puri, the alleged mastermind behind a Rs 300-crore fraud in Citibank's Gurgaon branch, was arrested on Thursday.
A bank employee and three others were arrested for siphoning of funds amounting to Rs 400 crore of 20 high networth customers at Citibank's Gurgaon branch.
The IPO which opened on December 13, generated total demand for over 201 crore shares, against 4 crore equities on offer, according to data available with NSE.
In a move that could open the Indian markets for Chinese banks, a financial service agreement would be signed between the two countries during Jiabao's visit.
Unswerving growth in loans, fee income and mobilisation of low-cost deposits propel Axis Bank to top our list of best banks once again.
V K Sharma has been chosen to replace CEO Ramachandran Nair, who was arrested on Wednesday by the CBI on charges of involvement in housing-loan bribery case.

Police are yet to nab 29-year-old Citibank relationship manager Shivraj Puri, the alleged mastermind of the fraud.

Differences have emerged between corporates, non-banking finance companies and MFIs over the RBI's discussion paper on 'Entry of New Banks in the Private Sector'.
The bank received the payment under the Rs 1,700-crore it has lent to Ispat Industries. JSW Steel had on Tuesday announced buying 41 per cent stake in the company.
The recruitment drive will be completed in a phased manner and would culminate in second quarter of next year, Chairman and Managing Director S Raman said.