Stocks
BLS International Sinks 12.73% Amid Spanish Visa Probe
BLS International Shares Plunge 13% On Spanish Visa Probe Report
Spanish authorities are investigating alleged visa appointment irregularities in Algiers.
BLS denied wrongdoing, saying visa decisions rest solely with consular authorities.
The company's shares fell sharply on Monday after a report linked it to the investigation. The stock dropped as much as 12.73% to ₹236.85 on the BSE.
The Spanish National Court had expanded its investigation into an alleged visa fraud case at the Spanish consulate in Algiers to include BLS International, which is contracted by Spain's Ministry of Foreign Affairs to manage in-person appointments at consulates for visa applications and other consular services.