LONDON: A former top Citigroup trader, who was fired in 2014 but acquitted of foreign exchange-rigging charges after a trial in New York, told a London employment tribunal he was unfairly dismissed despite being in the"eye of the storm" at the time.
"Individual accountability continues to be important to Citi, and for that reason we are disputing Ramchandani's request for compensation, reinstatement and re-engagement at the employment tribunal," it said in a statement. Ramchandani conceded that his name was bandied about in news reports in 2013 as British and U.S. authorities honed in on allegations of price-fixing in the US$6.6 trillion-per-day currency markets.But he told the tribunal:"I do not accept it was fair for me to put me on leave when the bank said there were issues about my chats ."
But if the court agrees he should be reinstated or re-engaged in a different role, he is eligible for compensation equal to the pay and benefits he would have accrued if he had not been dismissed.
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