Citigroup was responsible for giving poor investment advice to 88-year-old millionaire Ie Seng Hoan, which resulted in the loss of $18.1 million, Mr. Ie’s lawyer said Tuesday.
“It knew full well of Pak Ie’s health problems, his language difficulties and his lack of financial acumen and education,” Mr. Ie’s lawyer said in his opening statement at the Singapore High Court trial.
In Indonesia, the police have accused three external debt collectors of Citi of mudering a deliquent Citigold card customer.
And in the US, a famous TV star of the late 70s was awarded damages against a Citi investment unit.
Because ang moh tua kee??