Tue Apr 22 17:15:01 UTC 2025: ## Choksi’s Bail Plea Rejected in Belgium
**Brussels, Belgium** – A Belgian court has denied bail to Mehul Choksi, a key figure in the massive Rs 13,500 crore (approximately $1.6 billion USD) Punjab National Bank (PNB) loan fraud case in India. Choksi, who fled India in 2018, remains in custody while extradition proceedings continue. The court’s decision represents a setback for Choksi’s legal team, who had argued for his release pending the resolution of his extradition request by Indian authorities. The exact reasons for the bail denial have not yet been publicly released. The case continues to unfold with significant implications for the ongoing efforts to recover funds lost in the PNB fraud.
First Piper 