Today starts the trial against Citibank and its bosses in Belgium

Process starts against Citibank and its leaders in the Belgian branch of a bank accused of selling the securities of bankrupt American bank „Lehman Brothers“ of thousands of Belgian investors without informing them of the risks of such investment.

With the bankruptcy of Lehman Brothers „in September 2008 began the global financial and economic crisis that continues today. Until May 10, 2009 against Citibank and its leadership are a Belgian appeals filed in 1600 by defrauded investors. Prosecutors in Brussels wants Citibank not reimbursed by 128 million euro 4000 its Belgian customers who have been misled to buy risky products to bankrupt U.S. Bank Lehman Brothers. Total 18 000 Belgians are affected by the bankruptcy of Lehman Brothers, as their losses are estimated at 325 million euros. Among them are the biggest customers of Citibank in Belgium.

Finance