Archive · 6 Jun 2025
SEBI Issues Attachment Order Against Mehul Choksi
SEBI, the stock market watchdog, is taking action against Mehul Choksi.
He was asked to pay a fine of 1.5 crore rupees but didn't.
Because of this, SEBI is now freezing his assets to recover the money, which totals 2.10 crore rupees.
This is happening because Choksi is also accused in a large bank fraud, and has been wanted in India since 2018 and was recently arrested and detained in Belgium in April.
SEBI issued a recovery attachment order against Mehul Choksi.
The order relates to non-payment of a Rs 1.5 crore penalty.
Choksi faces recovery of Rs 2.10 crore in total dues.
Choksi is a co-accused in the PNB fraud case.
Choksi was arrested in Belgium in April.
- Who
- Mehul Choksi and SEBI are involved.
- What
- SEBI issued a recovery attachment order against Mehul Choksi.
- When
- The attachment order was issued on June 4.
- Where
- Financial assets are being attached.
- Why
- Due to non-payment of a Rs 1.5 crore penalty for insider trading.
- Person Involved
- Mehul Choksi
- Reason for Action
- Non-payment of penalty
- Penalty Amount
- Rs 1.5 crore
- Total Dues
- Rs 2.10 crore
- Attachment Order Date
- June 4
- PNB Fraud Case
- Rs 13,850 crore
Sources
Sebi attaches bank, demat, MF accounts of Mehul Choksi to recover Rs 2.1 cr dues
SEBI attaches bank, demat, MF accounts of Mehul Choksi to recover ₹2.1 crore dues
Freeze order escalates: Sebi locks Mehul Choksi’s accounts to recover Rs 2.1 crore; insider trading case triggered crackdown
