Indian Citibank 'fraudster' arrested

Police in India have arrested a Citibank employee accused of defrauding clients out of millions of dollars.

Shivraj Puri, 32, who is expected to appear in court later, told an Indian newspaper he was innocent.

The alleged fraud was discovered earlier this month in a branch of the global bank in Gurgaon, a wealthy suburb of Delhi.

The bank has said duped investors were promised quick, high returns from a bogus financial scheme.

It is alleged that Mr Puri funnelled the money into accounts controlled by three relatives.