Fugitive Mehul Choksi, accused of PNB loan scam, has been arrested in Belgium. Mehul Choksi was located in Belgium by Indian agencies. Let us tell you that at the end of the year 2021, Mehul Choksi absconded from Antigua and reached Belgium. According to media reports, 65-year-old Choksi, a diamond trader who was the founder of Gitanjali Gems, was arrested on Saturday (April 12, 2025) on the appeal of the Central Bureau of Investigation, CBI and is still in jail. Now preparations will be made for his extradition. However, in the court, his lawyers will try to get bail by giving health and all arguments. An Associated Press report claims that Choksi gave misleading and fabricated documents to obtain residency in Belgium to avoid extradition to India.

Loan fraud of Rs 13,500 crore

Mehul Choksi had committed a loan fraud of Rs 13,500 crore from Punjab National Bank. After committing the fraud, Choksi fled from India to Belgium to avoid arrest. Here he was living in Antwerp with his wife Preeti Choksi as Preeti Choksi has Belgian citizenship. It was being said that he has an 'F Residency Card' in Belgium and he had come to Belgium from Antigua for treatment.

Choksi had fled with Nirav Modi

Even before the loan fraud case in Punjab National Bank came to light, Mehul Choksi fled from India in January 2018 with his nephew Nirav Modi. The PNB loan scam was India's second largest bank scam. Choksi had taken Antigua citizenship even before the bank fraud came to light. In 2021, when Choksi was going to Cuba, he was caught in Dominica. After his arrest, Mehul had said that all this was being done due to a political conspiracy. He had alleged that the ED had illegally confiscated his properties in India.