KRBL tanks 19% as ED arrests Joint MD in AugustaWestland case

The Joint Managing Director Anoop Kumar Gupta has been sent to 5 days custody of Enforcement Directorate in the AgustaWestland Money Laundering case

Shares of KRBL tanked 19 per cent to Rs 191 on the BSE in the intra-day trade on Monday on the back of heavy volumes after the company said its joint Managing Director (MD) Anoop Kumar Gupta has been sent to 5 days custody of Enforcement Directorate (ED) in the AgustaWestland Money Laundering case.

"With reference to our earlier intimations from time to time, this is to inform you that the Joint Managing Director, Anoop Kumar Gupta, is detained by the Enforcement Directorate (ED) while cooperating with the investigation in the AugustaWestland case. He was subsequently sent to 5 days custody