Diamond Jeweler Mehul Choksi was detained in Belgium for allegedly involved in a 13,000 crore PNB bank loan fraud case. File | Picture source: Special arrangement
Official sources said Mehul Choksi, absconded diamond jeweler, has been detained in Belgium for allegedly involved in the 1.3 billion rupees PNB bank loan “fraud” case, official sources said.
The action against Diamantaire was taken on Saturday (April 12, 2025).
Sources said the Indian agency, the Law Enforcement Bureau (ED) and the CBI filed extradition from Belgium after the Interpol arrested him was “deleted”.
Choksi, his nephew and fleeing diamond businessman Nirav Modi, his family and employees, bank officials and other agencies were booked by both agencies in 2018 for alleged loan fraud committed in Brady House Branch in PNB, Mumbai.
Ed claims that Choksi, his company Gitanjali’s gems and others “had committed fraudulently by deceiving Punjab National Bank with certain bank officials for fraudulently obtaining the issuing Lous (Letter of Commitment) and obtaining the FLC (Letter of Credit) (Letter of Credit) without complying with prescribed procedures and causing losses to make mistakes.”
So far, ED has submitted three fees for Choksi. The CBI also submitted similar fee schedules for him.
publishing – April 14, 2025 08:27 AM IST
