Victoria Mills Employee commits fraud causing damage of Rs.9.5 crores to the company

Victoria Mills Ltd has announced that Marketing Executive of the Company has committed a fraud which may effect the profitability of the Company. The amount may be around Rs 9.50 cores.

An FIR has been lodged in this regard and Economic Offence Wing of Crime Branch is investigating the matter.

The stock closed the day at Rs.2997, down by Rs.57.30 or 1.88%. The stock hit an intraday high of Rs.3060 and low of Rs.2901.60. The total traded quantity was 66 compared to 2 week average of 106.

Source : Equity Bulls

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