Divya Delhi: SEBI has ordered banks and mutual funds to attach the bank accounts, shares, and mutual fund holdings of fugitive Indian businessman Mehul Choksi to recover Rs 2.10 crore for violating insider trading rules related to Gitanjali Gems shares. SEBI sent Mehul Choksi a 15-day notice to pay the dues on May 15, 2025. SEBI warned that failing to do so could freeze his assets. “Whereas no amount has been paid by the Defaulter and there is sufficient reason to believe that the Defaulter may dispose of the amounts/proceeds in the Bank Accounts held with your Bank and realization of amount due under the Recovery Certificate would in consequence be delayed or obstructed,” SEBI wrote to banks. A similar letter was sent to Indian mutual funds asking them to attach his demat accounts and holdings. SEBI also directed banks to prevent defaulters' accounts from being debited. A bank statement for the past year and details of the defaulter's lockers have also been requested. Depositories and mutual funds must quickly give details of defaulter accounts/folios, account statements, and confirmation of attachment.