SME Times News Bureau | 20 Mar, 2019
The Punjab National Bank (PNB) stock surged over 4 per cent on Wednesday
following the arrest in the UK of Nirav Modi, who is accused in the Rs
13,500- crore PNB fraud case reported last year.
After rising
over 4 per cent in afternoon trade, the PNB stock closed on Wednesday at
Rs 93.55 share, up Rs 3.05, or by 3.37 per cent, over its previous
close on the BSE.
Official sources said the fugitive diamantaire
was arrested in London more than a year after he fled India. UK Police
made the arrest seven days after the London Westminster Court issued an
arrest warrant against Modi.
The Interpol had issued a Red Corner
Notice against Nirav Modi in July 2018 at the request of the
Enforcement Directorate (ED) and the Central Bureau of Investigation.
