The Citi sandwich case shows why some rule-benders get a lot more sympathy than others, says the Financial Times' Pilita Clark.
File photo. If a company wants to fire someone, the easiest way to do it is to go through their expenses. LONDON: For the best part of a day last week, the best-read story in the Financial Times was not about the unfolding war between
He initially said he had, then admitted his partner had had some. The bank sacked him for gross misconduct. He sued for unfair and wrongful dismissal. I laughed aloud myself when I came across a part of the ruling where the judge wrote that the circumstances of the case included the fact that Citi “operates in a highly regulated financial sector and requires its employees to act with utmost integrity at all times”.
Citi was among 20 large banks that collectively paid more than £377 billion in such costs between 2008 and 2018, as a result of mis-selling, money laundering, market abuse and other misdemeanours, the researchers found. That’s because of something else that has made the Citi sandwich case so compelling: We probably all know someone who has been tempted to cheat on their expenses.
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