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Mehul Choksi Assets Attached by SEBI for ₹2.1 Crore Dues

9 June 20251 min read
BANKING & FINANCEMehul ChoksiAssets Attachedby SEBI for ₹2.1Crore Dues9 June 2025safalsetu.com

Why in the news

SEBI froze assets of absconding businessman Mehul Choksi to recover unpaid penalty.

Key facts

  • Choksi, ex-CMD and promoter of Gitanjali Gems, was penalised ₹1.5 crore in January 2022 for insider trading.
  • With ₹60 lakh interest, dues stand at ₹2.1 crore.
  • A 15 May 2025 demand notice allowed 15 days to pay.

The order (4 June 2025)

  • CDSL, NSDL, mutual funds and banks must block debits and attach accounts and lockers.
  • Credits are allowed, but fund movement is restricted.
  • SEBI feared asset disposal and recovery obstruction.

Exam angle

  • Depositories: CDSL, NSDL.
  • Dues: ₹1.5 crore plus ₹60 lakh.

Test yourself

1. SEBI attached Mehul Choksi's holdings over insider trading in shares of which company?

The case relates to Gitanjali Gems shares.

2. What total amount was SEBI trying to recover from Mehul Choksi in this order?

₹1.5 crore fine plus ₹60 lakh interest makes ₹2.1 crore.

3. Which depositories were directed by SEBI to block debits from Choksi's accounts?

The order named CDSL and NSDL, besides MFs and banks.

This topic is part of Daily Current Affairs 7 June 2025 (15 topics).

All topics of the dayDay quizJune 2025

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