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Ferraris fueled glamour lifestyle in Citibank corruption case

NBC News Clone summarizes the latest on: Ferraris Fueled Glamour Lifestyle Citibank Corruption Case Flna347323 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.

Malinda Dee (2nd R), a former Citibank relationship manager, arrives at a South Jakarta court March 7, 2012. The court sentenced Dee to eight years in prison after finding her guilty of removing some Rp 45.8 billion ($5 million) from the accounts of Citibank customers, a local newspaper reported on Wednesday. REUTERS/Supri (INDONESIA - Tags: CRIME LAW BUSINESS)SUPRI / Reuters

March 7, 2012, 8:09 AM EST

By PhotoBlog

Reuters reports: An Indonesian court convicted on Wednesday a former relationship manager with Citibank of money laundering in a case involving Ferraris bought with ill-gotten cash that powered the lifestyles of a glamour-hungry clique.

A district court in South Jakarta sentenced Inong Malinda Dee, 49, to eight years in prison and a 10 billion rupiah ($1.1 million) fine in a measure of the seriousness of a crackdown on endemic corruption in Southeast Asia's largest economy.

Dee ordered 117 transfers each worth up to 2 billion rupiah ($223,000) from her Citigold clients' accounts to her or acquaintances between 2007 and 2011, prosecutors said during her trial. Read more.

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