One of Singapore's richest businessmen has filed a lawsuit against Citigroup's private banking arm in the latest example of the rising number of legal actions involving private banks and their clients in Asia following last year's market turmoil.
Oei Hong Leongclaims he lost about S$1bn (US$687m) in 2008 because Citi allegedly gave him “inaccurate and misleading” information on his trading exposure.
“We fully intend to defend our position vigorously,” said Citi of the suit filed in Singapore's high court last week.
您已閱讀30%（518字），剩餘70%（1225字）包含更多重要資訊，訂閱以繼續探索完整內容，並享受更多專屬服務。