Wanted in Punjab and National Rs13500 crore bank fraud case has been arrested in Belgium on India’s extradition request. He was living there in Belgium’s Antwerp with his wife Preeti Choksi after getting residency card there.
The fugitive diamantaire, founder of Gitanjali Gems, is wanted in connection with the Punjab National Bank (PNB) fraud case and was granted residency in Belgium on November 15, 2023.
Mehul Choksi, wanted in India for his alleged involvement in the ₹13,500-crore bank loan fraud case, was previously residing in Antigua and Barbuda before relocating to Belgium.
Mehul Choksi, along with his nephew Nirav Modi, is accused of defrauding the state-run Punjab National Bank (PNB) by fraudulently obtaining letters of undertaking, leading to a massive financial scandal.