Citibank - Contingency

Contingency

The family's lawyer said the suit was filed against Citibank headquarters in New York and the bank's subsididary Citibank Indonesia concerning the death of a family member while meeting with debt collectors in Citibank, Jakarta Office. The lawsuit claimed for Rp.3 trillion ($345 million) for damages. Citibank was in violation of a US regulation, the Fair Debt Collecting Practised Act, as well as the Indonesian 2008 Banking Law, which both bans the use of violence in debt collection practices.

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