> Citi banker who accidentally wired $900 million to wrong company was Wipro employee

In August 2020, Citigroup mistakenly wired approximately $900 million of its own money to Revlon, Inc. lenders, a blunder involving Wipro employees who were managing the transaction. A US judge later ruled that Citi could not recover $500 million of the funds because the recipients believed it was an early loan repayment.

In 2021, a Manhattan federal judge ruled that under the "discharge-for-value" rule, the lenders did not have to return the roughly $500 million that was not voluntarily repaid, as they were not aware it was a mistake at the time.

The incident is considered one of the biggest blunders in banking history