Citigroup Inc, the American banking giant has said that its two traders are entitled to huge bonuses and are not subject to the rulings by the Government's pay Czar, Kenneth Feinberg.

It was informed that the CitiGroup said that Andrew Hall, chief of Citigroup's energy-trading division Phibro, who enjoys a pay-package worth more than $98 million, should be exempted from review as his contract dates back before the cut-off date i. e. Feb. 11, 2009.

However, the name of another trader who according to the CitiGroup should also be exempted from review could not be obtained.

CitiGroup has recently handed the documentation on compensation for its top paid executives over to the government.

The Obama administration had positioned to review all compensation packages and maintain them at a reasonable height.

When contacted, Andrew Williams, Treasury spokesman said, "We are not going to provide a running commentary on this process."

Big financial institutions are arguing that talent would migrate in case they are not paid huge pay-packages.

But, one can ask here what would have happened to Andrew Hall's huge pay package, had the taxpayers not bailed out the CitiGroup.