SEBI to consider penal action on PNB, Gitanjali after probe
Markets regulator SEBI will consider penal action against PNB and Mehul Choksi's Gitanjali Gems after the completion of its investigation into suspected disclosure and trading related issues, officials said. Notably, the regulator last week issued a warning letter to PNB for delaying disclosures about the fraudulent transactions allegedly carried out by Gitanjali Group and Nirav Modi group.