Fugitive businessman Mehul Choksi detained in Belgium Monday on India’s extradition request for his function within the Punjab Nationwide Financial institution (PNB) mortgage fraud case, information company PTI quoted officers as saying.
The absconding jeweller was stated to be residing in Antwerp together with his spouse Preeti Choksi after acquiring a ‘residency card’ within the nation.
Earlier in February this 12 months, a lawyer representing Choksi advised a particular court docket in Mumbai that he’s suspected to be affected by most cancers and is presently present process therapy in Belgium.
The particular court docket was listening to a plea by the Enforcement Directorate (ED) in search of to declare Choksi as a Fugitive Financial Offender (FEO).
The multi-crore PNB fraud was allegedly perpetrated by billionaire jeweller Nirav Modi and his uncle Choksi who’s the promoter of Gitanjali Gems.
The 2 have been accused of buying letters of endeavor (LoU) and overseas letters of credit score (FLC) primarily based on fraudulent claims of Rs 12,636 crore issued in favour of overseas branches of Indian banks.
Additional particulars awaited
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