SEBI to Impound Bank and Demat Accounts of Mehul Choksi: Gitanjali Gems Case

Securities and Exchange Board of India (SEBI) has decided to confiscate the bank and Demat accounts of Mehul Choksi, the owner of Gitanjali group and the company's executive director Dhanesh Sheth. The decision came in after they failed to pay the fine of Rs 5 crore. The fine was imposed on them for violating norms related to listing regulations. SEBI has barred any debit from their accounts until further notice.