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In addition to being sought by CBI and Ed, Mehul Choksi was declared a fugitive economic criminal (Feo) by the government of India.
The fugitive businessman Mehul Choksi | File Image/ Ians
The merchant of fugitive diamonds Mehul Choksi, searched by the Indian authorities for his supposed role in the case of loan fraud of the National Punjab Bank (PNB), was arrested in Belgium on Sunday.
The reports indicate that Choksi lived in Antwerp, Belgium, with his wife Preeeti, who has Belgian citizenship. It is said that he obtained a residence card to remain in the country.
SOURCES SAID THAT CHOKSI, WHO IS WANTED BY Both The CBI AND THE ENROLCEMENT DIRECTORATE (ED), WAS DEL Is Fodi, Who Is Fodi, Who Is Fodi and What Lodi, Who is Fodi, Who Is Fodi, which will be launched in London in Londel, who is Fodi, who immerses himself in Londel. Disputing his extradition to India.
The local authorities arrested the fugitive businessman based on two open trial orders issued by a Mumbai court, dated May 23, 2018 and June 15, 2021, information Reclaimed.
Mehul Choksi and his alleged crimes
- PNB fraud case: Chaksi remains a key accused in mass fraud that involves the National Punjab Bank (PNB), along with his nephew Nirav Modi. The scam is valued at around RS 14,000 million rupees.
- Use of Lous and FLC: Chaksi supposedly obtained company letters (Lous) and foreign credit letters (FLC) by bribing the officials of the Brady House branch of PNB in Mumbai. Later he used it to ensure the abroad credit of foreign banks.
- Launeriza money: The investigations carried out by the Compliance Directorate (ED) and the Central Research Office (CBI) suggest that Choksi washed large sums of money through phantom companies and fictitious entities abroad. In 2022, Ed presented his third sheet of charges against Choksi, his wife Priti Choksi and others about his alleged participation in the case of loan fraud.
- Criminal conspiracy and trap: Chaksi is accused of conspiracy to cheat, criminal breach of trust and corruption, under several sections of the Indian Criminal Code and the prevention of the Money Laundering Law (PMLA).
- Declared as ugly: In addition to being sought by CBI and ED, the Government of India declared Choksi a fugitive economic (ugly) criminal.
Last month, the Belgian government confirmed the presence of Choksi on its ground, saying that it is giving the matter “great importance and attention.”
Speaking about the matter, David Jordens, spokesman and head of the Social Network and Press Service in the Foreign Affairs of the Federal Public Service of Belgium (FPS), said that the Government is closely monitoring the case and is being handled with an important meal.
“I can confirm that the foreign affairs of the Federal Public Service (FPS) are aware of this case and gives it great importance and attention. Agency. ANI.
Choksi fled from India in January 2018, week before the supposed case of loan fraud came to light.
The sources suggest that Choksi is expected to see the bond and an immediate release, cite poor health and other reasons. New Delhi awaits an official confirmation about it.