Mehul Choksi gets Rs 2.1 crore Sebi notice
Mehul Choksi
NEW DELHI:
Sebi
has sent a notice to absconding diamantaire
Mehul Choksi
asking him to pay Rs 2.1 crore in a case of violation of
insider trading
rules in the shares of
Gitanjali Gems
and warned of attachment of assets as well as bank accounts if he fails to make the payment within 15 days.
The demand notice came after Choksi failed to pay the fine imposed by Sebi in Jan 2022. Choksi, who was CMD and part of promoter group of Gitanjali Gems, is the maternal uncle of
Nirav Modi
. Both are facing charges of defrauding PNB of more than Rs 14,000 crore. Choksi and Modi fled India after
PNB scam
came to light in early 2018.
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