Citigroup lands in Singapore the week of a DOJ probe into Iran-linked transactions

Citigroup's Bombardier Global 6000, tail N1812C, completed a brief five-minute flight from Seletar Airport to a nearby Singapore location on June 19, 2026, after a longer journey from the bank's Teterboro hub. The arrival coincides with a week in which the U.S. Department of Justice is probing how Iran's Supreme Leader Mojtaba Khamenei built an investment portfolio with exposure to Wall Street banks, including Citigroup, per a Bloomberg report on June 18 [bloomberg.com](https://www.bloomberg.com/news/articles/2026-06-18/jpmorgan-citi-face-scrutiny-in-doj-probe-of-iran-supreme-leader-s-money-flows).

That same week, Citigroup Chair and CEO Jane Fraser met Indian Prime Minister Narendra Modi in Mumbai to discuss investment opportunities and green energy, as the bank hosts over 1,500 clients at its Citi India Conference [citigroup.com](https://www.citigroup.com/global/news/press-release/2026/prime-minister-narendra-modi-citi-chair-ceo-jane-fraser-india-growth-priorities). Fraser also warned that ongoing West Asia conflict could strain supply chains, per a Fortune India report [fortuneindia.com](https://www.fortuneindia.com/business-news/supply-chain-disruptions-could-bite-more-if-war-continues-citi-ceo-fraser/141444).

The flight follows a pattern of Citigroup executive travel to Asian hubs like Singapore and Mumbai, where the bank maintains a 37% market share in certain businesses. The DOJ probe, combined with Fraser's recent comments on regional instability, underscores the geopolitical risks the bank navigates as it rebuilds its foundation after a multi-year transformation.