SEBI bans Mehul Choksi from capital market for 10 years, imposes ₹5-crore fine

The Securities and Exchange Board of India (SEBI) on Monday barred fugitive businessman Mehul Choksi from the securities markets for 10 years. It also imposed a fine of ₹5 crore on him for indulging in fraudulent trading in the shares of Gitanjali Gems. Choksi has been directed to pay the penalty within 45 days.