Mumbai, March 20 (IANS) 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.
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz