Citigroup probed by feds over ties to sanctioned Russian billionaire Suleiman Kerimov: report
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Citigroup is under federal investigation for its connections to sanctioned Russian billionaire Suleiman Kerimov. Kerimov was sanctioned by the US in 2014 and 2018 due to Russia's actions in Syria and Ukraine.
November 14, 2024 | 11:30 pm
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Citigroup is being investigated by federal authorities for its connections to sanctioned Russian billionaire Suleiman Kerimov. This investigation could impact Citigroup's operations and reputation.
The investigation into Citigroup's ties with a sanctioned individual could lead to regulatory scrutiny, potential fines, and reputational damage, which may negatively impact its stock price in the short term.
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