Shares Of Gitanjali Gems Plunged By Another 5 Percent As CBI Tightened

Shares of Gitanjali Gems plunged by another 5 percent as CBI tightened the noose on PNB offenders by arresting the vice president of Gitanjali Group of Companies.

The agency yesterday arrested Vipul Chitalia in the Rs 12,636-crore PNB scam and claimed that he was a "mastermind" who reported directly to diamond trader Mehul Choksi.

This is the 15th straight session of fall for the stock. It has lost as as much as 80 percent since February 14, the day PNB fraud came to light.

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