Freeze order escalates: Sebi locks Mehul Choksi’s accounts to recover Rs 2.1 crore; insider trading case triggered crackdown

SEBI has initiated recovery against fugitive businessman Mehul Choksi, freezing his assets after he failed to pay ₹2.1 crore in dues related to insider trading violations concerning Gitanjali Gems shares. Choksi, already facing extradition from Belgium and wanted in connection with the PNB loan fraud, was found guilty of sharing sensitive information.