The diamond jeweler Mehul Choksi arrested in Belgium for alleged participation in a case of PNB bank loans ₹ 13,000 million Rore. File | Photo credit: special arrangement
The Jewelry of Diamonds of Eschancation Mehul Choksi has been arrested in Belgium after an extradition application by the Indian research agencies for their alleged participation in the case of ‘fraud’ of PNB bank loan of ₹ 13000 Crore, official sources said on Monday (April 14, 2025).
The action against Diamantaire was tasks on Saturday (April 12, 2025).
The sources said that after Interpol Red’s notice against him to judge was “eliminated”, the Indian agencies, the configuration address (ed) and the CBI, moved for his extradition of Belgium.
Choksi, his nephew and merchant of fugitive diamonds Nirav Modi and his relatives and employees, bank officials and others were reserved by the two agencies in 2018 for perpetrating the alleged loan fraud at the Brady House branch of PNB in Mumbai.
Ed alleged that Choksi, his firm Gitanjali Gems and others “committed the crime of cheating against the National Punjab Bank in collusion with certain banking officials by fraudulently obtaining the lousy (company letters) issued and obtaining the FLCS (foreign credit letter) improved without following the prescribed procedure and causing an incorrect loss.”
The ED has presented three load sheets against Choksi so far. The CBI has also presented similar charges against him.
Published – April 14, 2025 08:27 am ist