St. Jude (STJ) CEO Arrested for Possession of Ammunition

St. Jude Medical (NYSE:STJ) chief executive officer Daniel Starks was arrested in India for being in possession of ammunition at an airport.

He was arrested by airport police in New Delhi.

A St. Jude spokeswoman said in a statement, "Mr. Starks was detained by airport police on March 16 after a single shell was inadvertently left in an item of his clothing and discovered when he was traveling through the New Delhi airport."

"He is fully cooperating with local authorities to resolve the matter."

There was no word on when the company expected Starks to be released.

St. Jude was trading at $47.29, gaining $0.31 or 0.66 percent, as of 11:36 AM EDT.