New Delhi, June 6- Market regulator SEBI has ordered the attachment of bank accounts, shares and mutual fund holdings of fugitive diamond merchant Mehul Choksi in a case of violation of insider trading rules in shares of Gitanjali Gems.
The latest move comes after a demand notice was issued to Choksi on May 15. The notice warned of attachment of assets as well as bank accounts if he fails to pay within 15 days.
Choksi, who was the chairman and managing director of Gitanjali Gems as well as part of the promoter group, is the maternal uncle of Nirav Modi. Both are accused of defrauding state-owned Punjab National Bank (PNB) of over Rs 14,000 crore. Both Choksi and Modi fled India after the PNB scam came to light in early 2018.