Citigroup Inc was sued for fraud by a Mexican oil services firm's investors and creditors over claims they were harmed by a loan scheme that led the bank to cut 2013 profit by US$235 million and fire at least a dozen people.
The bank's actions caused investors including Rabobank Groep as well as creditors of the Mexican firm, Oceanografia SA, to lose at least US$1.1 billion, according to a complaint Friday in Miami federal court.
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