"Today (Saturday), I was fired from my position as US Attorney for the Southern District of New York," Bharara said in a statement released through the Justice Department. From a jurisdiction covering Manhattan, Bharara was often in the limelight as he went after politicians and high-flying financiers. It is customary for political appointees of a President to resign when a new one is elected. Among Bharara's high-profile cases against banks, Citibank paid a $158 million fine to settle a case he brought against it for misleading the government about loans. In another case, Citbank made a $7 billion payment to the government after Bharara began investigating its Mexican unit.

Source: bd News24 March 12, 2017 06:04 UTC