On Mehul Choksi’s arrest, MEA Spokesperson Randhir Jaiswal says, “Based mostly on our extradition request, he was arrested. We’re working intently with the Belgium facet on his extradition.” Indian jeweler Mehul Choksi, who has been accused of involvement in one in all India’s greatest financial institution frauds, has been arrested in Belgium on April 14.
Mehul Choksi and his diamond tycoon nephew Nirav Modi are accused of a $1.8 billion fraud involving Punjab Nationwide Financial institution, India’s second-largest public lender. Each fled India in 2018.
Mehul Choksi was arrested on Saturday within the Belgian port metropolis of Antwerp, probably the most necessary diamond buying and selling hubs on this planet. His lawyer, Vijay Aggarwal, instructed reporters that Choksi’s authorized staff would file an enchantment for his launch.
Punjab Nationwide Financial institution accused Choksi, Modi and others of fraud through the use of pretend monetary paperwork to get loans to purchase and import jewels.
Nirav Modi, who constructed a global jewellery empire that stretched from India to New York and Hong Kong, was arrested in Britain in 2019. He has been in jail since.
