The Standard reports a group of Hong Kong investors has been trying to recover investments involving about US$2 million (HK$15.6 million) from Citigroup after a financial adviser left the bank.

The investors said that last year, before the global financial crisis emerged, they were promised by the adviser, Ramesh Sadhwani, a return of between 7 to 18 percent a year on their investments. But Sadhwani was fired by Citi early this year after an internal investigation, and the investors have been asking the private bankers to refund their investments with the promised returns.

The investors said that after meetings with Citi, the bank had promised to return 10 to 30 percent of their capital.

http://www.thestandard.com.hk/news_detail.asp?we_cat=11&art_id=90118&sid=25966319&con_type=1&d_str=20091105&fc=7