Mehul Choksi accused of PNB scam arrested
Fugitive Mehul Choksi, accused of PNB loan scam, has been arrested in Belgium. Mehul Choksi was locked in Belgium by Indian agencies. Let us know that at the end of 2021, Mehul Choksi escaped from Antigua and reached Belgium. According to media reports, 65 -year -old Choksi, who was a diamond businessman of Gitanjali James, was arrested on Saturday (April 12, 2025) on a CBI’s appeal and is still in jail. Now it will be prepared for its extradition. However, his lawyers in the court will try to bail by giving health and all arguments. A report by the Associated Press claims that Choksi gave misleading and fabricated documents to get a residence in Belgium to avoid extradition in India.
13,500 crore loan fraud
Mehul Choksi had fraudulently fraudulently loaded a loan of Rs 13,500 crore from Punjab National Bank. After cheating, Choksi escaped from India to Belgium to avoid arrest. Here he was living in Antwerp with his wife Preeti Choksi as Preity Choksi has citizenship of Belgium. It was being said that he has a ‘F Residency Card’ in Belgium and he came from Antigua to Belgium for treatment.
Choksi ran with Nirav Modi
Mehul Choksi ran away from India in January 2018 with her nephew Nirav Modi even before a loan fraud case came to light in Punjab National Bank. The PNB loan scam was India’s second largest bank scam. Choksi had taken citizenship of Antigua even before the bank fraud surfaced. In 2021, when Choksi was going to Cuba, he was caught in Dominica. After the arrest, Mehul had said that all this is being done due to political conspiracy. He had alleged that the ED had seized his properties illegally in India.
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