Fugitive Businessman Mehul Choksi Arrested in Belgium on India’s Extradition Request
Fugitive Mehul Choksi is wanted in India. Authorities accuse him of playing a role in the ₹13,500-crore Punjab National Bank (PNB) loan fraud case. He has been arrested in Belgium after a formal extradition request by Indian authorities. The arrest was carried out on Saturday, according to sources cited by PTI. Background of the Case Mehul Choksi founded Gitanjali Gems. He is accused of orchestrating one of India’s biggest banking scams. His nephew Nirav Modi was involved with him. The scam involved fraudulently securing Letters of Undertaking (LoUs) from PNB to secure credit from overseas banks. Nirav Modi is currently…