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UCO Bank's shares slip 14% on loan fraud claims

IANS  |  Mumbai 

Shares of on Monday plunged by around 14 per cent on the following the ongoing probe into an alleged Rs 737 crore loan fraud case.

During the day's trade, shares of the nosedived by 14.32 per cent to hit a 52-week low of Rs 19.15 per share on the

Around 2.30 p.m., the bank's shares traded at Rs 20.40 per scrip -- down 8.72 per cent -- on the

On the National Stock Exchange, UCO Bank's shares slipped by 17.98 per cent to a 52-week low of Rs 18.25 per share.

CBI officials on Sunday had said they will soon question the bank's former (CMD) in connection with its ongoing probe into the loan fraud case.

Earlier, the agency had filed a case against Kaul, Era Engineering Infra (EEIL), its CMD Hem Singh Bharana, two chartered accountants -- and -- and Pawan Bansal of Altius Finserve among others in connection with the alleged Rs 621 crore loan fraud which has caused a loss of over Rs 737 crore to the

--IANS

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 15:22 IST
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