New Delhi: Fugitive Diamantaire Mehul Choksi has been arrested by law enforcement authorities in Belgium. Choksi, who is wanted in India in connection with the Mulati-Billion Dollar Punjab National Bank (PNB) Fraud Case, Has Been Evading Authorities Since 2018. Choksi.
Mehul Choksi Fled India in 2018, initially traveling to the united states before settling in antigua. A Year Prior, in 2017, He Had Acquired Antiguan Nationality. Choksi’s Nepheww, Nirav Modi, was arrested by the metropolitan police in London in May 2019. Although he has exhausted all legal Avenues for Extradition, He Continues to be UNDER ARNDER ANDER ANDER ANDER
In March 2023, Interpol revoke the red notice against mehul choksi. In 2024, Choksi and his wife reportedly relacited from antigua to belgium. Reports from antiguan media sugged that mehul and preti choksi are considering settling in Geneva. Earlier this year, Choksi’s legal counsel informed a special court in Mumbai that he is currently in antwerp, belgium, undergoing treatment for Blood Cancer.
Two weeks ago, Mehul Choksi and His Wife, Preti, Obtaned F-Residency Cards in Belgium. Preti, A Belgian Citizen, Has Family Ties in the Country, As Does Choksi’s Extended Family. Meanwhile, according to sources, choksi was arrested in Belgium on Saturday after Local Authorities confirmed his presence in the country. Sources further stated that preparations were being made for his extraction to India.
However, Choksi is currently prepaering for a legal battle. His defense team plans to move for bail, claiming that it will oppose his entition. The legal team states that choksi have strong reasons to challenge the extradition request, Citing His Health Condition, Among other arguments. Choksi allegedly connived with his associates & bank officials of punjab national bank (PNB) during the period from 2014 to 2017 to 2017 and fraudulently issued letters of understanding and foreign letters of cons PNB, Resulting in a Wrongful Loss of Rs. 6097.63 Crore to PNB. He Had also taken a loan from ICICI Bank and Had Defaulted on that Loan, Too.
DURING The Investigation, The Ed Conducted Searches at more than 136 locations all over India and Seized Valuables/Jewelery Worth Rs. 597.75 Crore Pertaining to the Gitanjali Group of Mehul Choksi. Further, Immovable/Movable Assets Worth Rs. 1968.15 Crore of Mehul Choksi/Gitanjali Group Were Attached, Which Included Immovable Properties in India and Everseas, VEHICles, Bank Accounts, Factors, Shares of LISTED ComPANIES of LISTED Companies, Jewelry, Among others. In aggregate, assets worth Rs. 2565.90 Crore was attached or seized in this case, and three Prosecution Complaints have been filled.