Epic Posted February 17, 2021 Report Posted February 17, 2021 After committing one of the "biggest blunders in banking history," Citibank won't be allowed to recover the almost half a billion dollars it accidentally wired to Revlon's lenders, a US District Court judge ruled. Citibank, which was acting as Revlon's loan agent, meant to send about $8 million in interest payments to the cosmetic company's lenders. Instead, Citibank accidentally wired almost 100 times that amount, including $175 million to a hedge fund. In all, Citi (C)accidentally sent $900 million to Revlon's lenders. Quote
uzaaR Posted February 17, 2021 Report Posted February 17, 2021 Lenders should return back the money to Citi! Quote
Killer66 Posted February 17, 2021 Report Posted February 17, 2021 1 minute ago, uzaaR said: Lenders should return back the money to Citi! ChAl pakkaki poantunaru Quote
Anta Assamey Posted February 17, 2021 Report Posted February 17, 2021 Idi ekkadi dikkumalina judgement .... Quote
uzaaR Posted February 17, 2021 Report Posted February 17, 2021 Just now, Anta Assamey said: Idi ekkadi dikkumalina judgement .... Vadiki 50 50 deal emo 😃 Quote
no01 Posted February 17, 2021 Report Posted February 17, 2021 Just now, Anta Assamey said: Idi ekkadi dikkumalina judgement .... ade kada....agreed its accident, but thats not Revlon lender's money..if its not yours, you should give back. may be koncham fine laaga veyyochu anthe kani idem worst judgement Quote
sunnam Posted February 17, 2021 Report Posted February 17, 2021 13 minutes ago, Anta Assamey said: Idi ekkadi dikkumalina judgement .... law says that even if it is accidental but you are owed money then you can keep it. idi emaina MODI fasict rule/jagan factionism rule anukunnava bediristhe bediripodaniki..........vattalu kostharu ikkada US lo. law is law..democracy ante ide. 😁 1 Quote
r2d2 Posted February 17, 2021 Report Posted February 17, 2021 lenders already vaaduku dobbuntaaru.. tooch.. ippdudu give back antey..how? Quote
Anta Assamey Posted February 17, 2021 Report Posted February 17, 2021 3 minutes ago, sunnam said: law says that even if it is accidental but you are owed money then you can keep it. idi emaina MODI fasict rule/jagan factionism rule anukunnava bediristhe bediripodaniki..........vattalu kostharu ikkada US lo. law is law..democracy ante ide. 😁 Bank vadu manaki porapatuna transfer cheste manam unchukovaha .... Quote
kdapparao Posted February 17, 2021 Report Posted February 17, 2021 4 minutes ago, sunnam said: law says that even if it is accidental but you are owed money then you can keep it. idi emaina MODI fasict rule/jagan factionism rule anukunnava bediristhe bediripodaniki..........vattalu kostharu ikkada US lo. law is law..democracy ante ide. 😁 Nippu CBN rule anukunaremo bro. Quote
Spartan Posted February 17, 2021 Report Posted February 17, 2021 rest of the US lo...if u use up accidentally transferred money..it is punishable offense.. kaani this is typical case which happened in New York limits.. and according to lae in New York...accidental money vadukovachu.. If the beneficiary is entitled to the money and did not know it was accidentally wired, they can keep it. Revlon lenders said they believed Citibank was wiring prepayments for a loan. After all, the money accidentally wired was the exact amount "to the penny" Citibank owed them, although the loan wasn't set to mature for quite some time. exact amount varaku match aindi which they were expecting..so advance payments chesaremo ani vaduku dobbaru @Anta Assamey Quote
Anta Assamey Posted February 17, 2021 Report Posted February 17, 2021 Just now, Spartan said: rest of the US lo...if u use up accidentally transferred money..it is punishable offense.. kaani this is typical case which happened in New York limits.. and according to lae in New York...accidental money vadukovachu.. If the beneficiary is entitled to the money and did not know it was accidentally wired, they can keep it. Revlon lenders said they believed Citibank was wiring prepayments for a loan. After all, the money accidentally wired was the exact amount "to the penny" Citibank owed them, although the loan wasn't set to mature for quite some time. exact amount varaku match aindi which they were expecting..so advance payments chesaremo ani vaduku dobbaru @Anta Assamey Oh ippudu clarity vachindi ... Quote
Picheshwar Posted February 17, 2021 Report Posted February 17, 2021 2 minutes ago, Spartan said: rest of the US lo...if u use up accidentally transferred money..it is punishable offense.. kaani this is typical case which happened in New York limits.. and according to lae in New York...accidental money vadukovachu.. If the beneficiary is entitled to the money and did not know it was accidentally wired, they can keep it. Revlon lenders said they believed Citibank was wiring prepayments for a loan. After all, the money accidentally wired was the exact amount "to the penny" Citibank owed them, although the loan wasn't set to mature for quite some time. exact amount varaku match aindi which they were expecting..so advance payments chesaremo ani vaduku dobbaru @Anta Assamey Night endhi racha? Quote
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