Weekly Business

BANKING
Bank Indonesia Terminates Citigold

BANK Indonesia has ordered Citibank to suspend new offers of Citigold private banking products. The decision was made after Inong Malinda Dee, former relationship manager of the American bank, allegedly embezzled customer funds. “They’re not allowed to recruit new customers. But existing ones can continue with their transactions,” said Governor of Bank Indonesia Darmin Nasution at a hearing session

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