Citigroup Inc., the U.S. bank thatderives about half its profit from emerging markets, was temporarily barred from adding wealth-management clients in Indonesia amid a probe into fraud allegations.
Indonesia central bank questioned Citigroup executivesincluding the country head because of problems with its internal controls.
A Citigroup credit-card holder's was death at its branch last month has also sparked a review of debt-collection practices. A Citigroup relationship manager allegedly stole IDR16.1 billion from three clients in 2009 and 2010 by using blank forms signed by the customers.
Asian consumer-banking unit made a US$2.17 billionprofit last year, or about 20 percent of overall net income. Citigroup's Indonesian consumer bank had revenue of US$354 million.
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