Mehul Choksi arrested in Belgium on India’s request for extradition
Fugitive diamond trader Mehul Choksi, wanted in connection with the Punjab National Bank (PNB) loan fraud case, has been arrested by Belgian authorities, according to the reports.
New Delhi: Fugitive diamond vendor Mehul Choksi, wanted in connection with the Punjab Nationwide Bank (PNB) mortgage fraud case, has been arrested by Belgian authorities, in step with the reviews. The arrest, made at the demand of Indian companies at the side of the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED), follows non-bailable warrants issued in opposition to him by Mumbai courts.
The motion in opposition to the diamantaire used to be taken on Saturday.
Sources talked about that after the Interpol Pink Leer in opposition to him for arrest used to be “deleted”, Indian companies, the Enforcement Directorate (ED) and the CBI, moved for his extradition from Belgium.
Choksi, his nephew and fugitive diamond vendor Nirav Modi and their relatives and staff, monetary institution officials and others contain been booked by the 2 companies in 2018 for perpetrating the alleged mortgage fraud at the Brady Home division of PNB in Mumbai.
ED alleged that Choksi, his agency Gitanjali Gem stones and others “committed the offence of cheating in opposition to Punjab Nationwide Bank in connivance with particular monetary institution officials by fraudulently getting the LOUs (letters of enterprise) issued and got the FLCs (international letter of credit rating) enhanced with out following prescribed procedure and caused a wrongful loss to the monetary institution.”
The ED has filed three price sheets in opposition to Choksi till now. The CBI too has filed identical price sheets in opposition to him.
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