SEBI orders attachment of Diamond King Mehul Choksi’s bank, demat and mutual fund accounts
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Choksi was the chairman and managing director of Gitanjali Gems as well as part of the promoter group. He is the maternal uncle of another fugitive businessman Nirav Modi. Both are accused of defrauding public sector Punjab National Bank (PNB) to the tune of over Rs 14,000 crore.
Choksi and Nirav Modi fled India in early 2018 after the PNB scam came to light. While Choksi is said to be in Antigua and Barbuda, Nirav Modi is lodged in a UK jail and has challenged India’s extradition petition.
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