SEBI Directs Indian Banks & Mutual Funds to Remit Mehul Choksi’s Attached Assets Worth ₹2.13 Crore as Belgium Confirms His Presence

SEBI has directed Indian banks and mutual funds to remit Mehul Choksi's attached assets worth ₹213 crore, as Belgium confirms his presence. This significant move by India's market regulator aims to recover funds from the fugitive diamantaire. The confirmation of Choksi's presence in Belgium facilitates the process of asset recovery through international cooperation. SEBI's directive underscores the relentless efforts by Indian authorities to bring financial fraudsters to justice and recover ill-gotten gains, demonstrating cross-border enforcement against economic offenses and ensuring assets linked to fraud are repatriated.