As it has communicated The Wall Street Journal, a court of appeal in U.S. hto cancelled the sentence that allowed to Revlon remain with a transfer of 500 million dollars that Citigroup sent of accidental way. As it informed Bloomberg, Citi an agent of the entity found giving assistance to Revlon regarding the modification of the loan, and in a moment die, the worker of Citi push the mistaken button and paid all the loan.
Everything began in August of 2020, when the company of American financial services, by error, transferred to the cosmetic giant a total of 900 million dollars to the creditors of the company. In February of 2021, a group of bottoms of coverage of Revlon denied to give back the 500 million dollars.
This same month of August, and taking into account that the image like creditor can be questioned by fault of this scandal, Citi Group decided to file a lawsuit to the bankruptcy court in the middle of month. Finally, the American court communicated the past Thursday that Citigroup Inc has right to recover around $500 million his own money. As it explains Reuters, revirtió the last sentence of the inferior court, the 2º Court of Circuit of Appeals of EE.Or. At the last judgement considers unsuitable give to the lenders a "big unexpected gain" when leaving them keep the money of Citigroup, and that had been in warning that the wiring was an error." Although the financial entity had communicated to the company of cosmetics that this transaction had been an error, Revlon sustained that the figure was exactly the requested.