Ex-Citi Banker Who Paid Debt With Charity Funds Loses Case (1)

Citigroup Inc. won a legal fight with one of its most senior employees after a U.K. appeals court ruled Mukarram Sattar improperly used the bank’s internal payment systems to transfer thousands of pounds from a charity he controlled.

Citigroup conducted a fair investigation into the former head of its treasury and trade solutions operations before he was fired for gross misconduct in 2013 even if some of its procedures were “unsatisfactory,” a panel of judges led by Patrick Elias said in a ruling Tuesday.

Sattar, who’d worked at Citigroup for nearly four decades, oversaw 15,000 staff in more than 100 ...