Mehul Choksi: Fugitive businessman Mehul Choksi arrested in Belgium on India’s extradition request: Report | India-Business News

Fugitive businessman Mehul Choksi (File picture)

NEW DELHI: Fugitive diamond service providerMehul Choksi, a key accused in the Rs 14,000-crore Punjab National Bank fraud case, was arrested on Saturday by Belgian authorities on India’s extradition request.
Choksi’s arrest was primarily based on two non-bailable warrants issued by a Mumbai court docket, dated May 23, 2018, and June 15, 2021, in line with folks acquainted with the event.
Indian officers had earlier requested Belgium to provoke extradition proceedings after finding Choksi in the nation. Sources stated he was allegedly planning to maneuver to Switzerland for medical therapy at a most cancers hospital.
In 2018, Mehul Choksi, his nephew Nirav Modi, together with their members of the family, staff, and several other financial institution officers, had been booked by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) in reference to the multi-billion-dollar fraud at Punjab National Bank’s Brady House department in Mumbai.