Mon Apr 14 02:57:15 UTC 2025: ## Fugitive Diamond Tycoon Mehul Choksi Detained in Belgium

**Brussels, Belgium –** Fugitive diamond jeweller Mehul Choksi, wanted in India for his alleged role in a ₹13,000 crore (approximately $1.6 billion USD) Punjab National Bank (PNB) loan fraud, has been detained in Belgium. The detention, which occurred on Saturday, April 12th, follows an extradition request from Indian investigative agencies, the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI).

Choksi, who had previously evaded arrest after fleeing India, was apprehended after an Interpol Red Notice against him was rescinded, allowing Indian authorities to pursue his extradition through official channels. A spokesperson for the Belgian government confirmed that the case is being closely monitored.

The fraud, uncovered in 2018, involved Choksi, his nephew Nirav Modi, and others in allegedly obtaining fraudulent Letters of Undertaking (LOUs) and Foreign Letters of Credit (FLCs) from the PNB, resulting in significant losses for the bank. The ED has filed three charge sheets against Choksi, and the CBI has filed similar charges. This latest development marks a significant step in India’s efforts to bring Choksi back to face trial.

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