financetom
News
financetom
/
News
/
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Citibank wins lawsuit against fired analyst who expensed his partner’s meals to the company and then claimed he ate two of everything
Jan 15, 2024 7:08 PM

  Former Citibank Analyst's Unfair Dismissal Claim Rejected

  Employee Lied About Food Expenses

  A former Citibank analyst, Szabolcs Fekete, has lost his claim of unfair dismissal after a tribunal discovered he had lied about buying food for his partner and charging it to his employer.

  Fekete, who was a senior analyst, claimed he had been both wrongfully and unfairly dismissed by Citibank. However, documents from the court case in September, which were made public last week, show that Fekete took a business trip to Amsterdam in July 2022 and told a colleague he was taking his partner on the three-night trip.

  Upon returning from abroad, Fekete signed off for six weeks on medical leave. The documents, seen by Fortune, say Fekete had been struggling with the loss of his grandmother prior to the incident, describing her death as a "significant loss" to the claimant.

  Expense Reports Raised Concerns

  However, Fekete's expense reports, submitted while on medical leave at the end of July, raised concerns for his senior colleague, a Citi director. The director questioned why Fekete's expense report appeared to show meals for two people and asked the claimant to add the name of whichever colleague he had eaten with.

  Citi's expense policy clearly states that spousal travel and meals are not reimbursable, and that any employee attendees the company has been asked to pay for must be named.

  When questioned about the additional items, Fekete claimed all the food and drinks were for him. He said, "I was on the business trip by myself and that I had two coffees as they were very small."

  When further questioned by a manager about how he had appeared to eat two sandwiches, consume two coffees, and a third drink in one sitting, Fekete elaborated, "I skipped breakfast and only had one coffee in the morning.

  "For lunch, I had one sandwich with a drink and one coffee in the restaurant, and took another coffee back to the office with me and had the second sandwich in the afternoon…which also served as my dinner."

  Fekete also pushed back on the questioning by saying he was "well within" the company's daily limit of €100.

  Employee Admitted to Using Personal Card

  Fekete's story became even more complicated when he was called into a Zoom meeting to discuss the expense claim after further questions were raised about why two meals were being charged to the company on other occasions.

  During the Zoom meeting, Fekete was asked whether he traveled with any other members of staff and whether he may have accidentally claimed the food for his partner. He denied both.

  However, Fekete later admitted that there had been some "overlap" between his personal card and company card. He confirmed that some of the food on the expense report had been consumed by his partner.

  In further disciplinary hearings, Fekete claimed he wasn't clear on Citi's policies regarding expense claims and that he had not made further clarifications to management because he was stressed and anxious.

  The London tribunal, first reported by the Financial Times, rejected this reasoning, finding both the complaints of unfair and wrongful dismissal to be "not well founded."

  A spokeswoman for Citibank told Fortune, "We are pleased with the decision."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
​​​​​​​Nasdaq 100 and Dow struggle but Dax moves higher​​​​​​​
​​​​​​​Nasdaq 100 and Dow struggle but Dax moves higher​​​​​​​
Aug 8, 2024
​​​Nasdaq 100 fights to hold 200-day MA ​After rebounding on Tuesday the index fell back on Wednesday to the 200-day simple moving average (SMA), currently 17,831, and closed above this level. ​Early trading on Thursday has put further pressure on the price, though it is still above the 200-day SMA for the time being. A close below the 200-day would...
Japanese Yen Latest – USD/JPY Stable as Japanese Rate Hike Bets Pushed Back
Japanese Yen Latest – USD/JPY Stable as Japanese Rate Hike Bets Pushed Back
Aug 8, 2024
Japanese Yen Latest – USD/JPY USD/JPY trading on either side of 146.00Inflation has shown steady progress towards target.The ‘likelihood of achieving the inflation target has increased further’ and further upward pressure is expected, according to the latest Bank of Japan Summary of Opinions. ‘Assuming that the price stability target will be achieved in the second half of fiscal 2025, the...
Retail Sentiment Analysis – EUR/USD, GBP/USD Latest
Retail Sentiment Analysis – EUR/USD, GBP/USD Latest
Aug 7, 2024
Retail Sentiment Analysis – EUR/USD, GBP/USD Latest EUR/USD Retail Sentiment Analysis Recent data shows that more traders are betting against the Euro versus the US Dollar (EUR/USD) than for it. Specifically, about 38% of traders think the Euro will go up, while 62% think it will go down. Compared to yesterday, slightly more traders now think the Euro will rise....
Dovish BoJ Comments Stabilise Markets for Now, USD/JPY Rises
Dovish BoJ Comments Stabilise Markets for Now, USD/JPY Rises
Aug 7, 2024
BoJ, USD/JPY Analysis BoJ Deputy Governor issues dovish reassurance to volatile marketsUSD/JPY rises after dovish comments, providing temporary reliefBoJ minutes, Fed speakers and US CPI data on the horizon Recommended by Richard Snow Get Your Free JPY Forecast BoJ Deputy Governor Issues Dovish Reassurance to Volatile Markets Bank of Japan (BoJ) Deputy Governor issued comments that contrasted Governor Ueda’s rather...
Copyright 2023-2026 - www.financetom.com All Rights Reserved