Reuters, 19 Jun 2009, Kevin Lim
SINGAPORE, June 19 (Reuters) - Citigroup (C.N) on Friday rejected a writ by a Singapore private banking client who claimed he lost over S$1 billion ($687 million) because the bank provided inaccurate information and failed to execute some of his trades.
Citi said in a court filing seen by Reuters that businessman Oei Hong Leong "demonstrated a considerable appetite for risk and an understanding of the risk and exposure associated with the various derivative investment structures entered into."
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Related:
Citigroup Denies Giving Client Oei Misleading Data - Bloomberg.com
Citigroup denies Oei lawsuit claims - Financial Times
