Singer’s bid for Citigroup to reveal any Argentinian threats fails

Paul Singer's effort to get Citigroup to reveal any secret threats from Argentina fell on deaf ears in federal court Wednesday.

Citigroup is appealing a July order by Manhattan Federal Judge Thomas Griesa that blocked future payments to bondholders who are Citi's Argentine clients as part of his effort to force the country to pay Singer and other holdouts $1.6 billion.

The bank said it is in a "dangerous position" and faces "grave sanctions" from Argentina if it follows Griesa's orders.

Citi has said it could lose its banking license and be subject to criminal penalties.

While the appeal is pending, Griesa said he would take "no action" on Singer's request for information on any "demands, threats or inducements" from Argentina to Citibank regarding bond payments due in September.

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