Fugitive diamond merchant Mehul choksiA report said that the Punjab National Bank (PNB) has been arrested by the police in Belgium, regarding the loan fraud case.
The 65 -year -old was arrested on Saturday at the request of the Central Bureau of Investigation (CBI) and is currently in jail, the economic time told.
The police mentioned two open-ended arrest warrant issued by the Mumbai court against Choksi, while he was placed under the arrest. The report said that they were dated on May 23, 2018 and 15 June 2021.
However, Choksi is expected to bail and immediate release citing sick health and other reasons.
He is desired by the CBI and the Enforcement Directorate (ED) to cheat PNB of Rs 13,850 crore with his nephew, Nirav Modi, who is waiting for extradition from London.
He allegedly used Undertaking (Luce) and Credit of Credit (FLCs) by bribing officials of the bank’s Brady House branch in Mumbai.
He fled from India in January 2018 before the scam in PNB – the second largest bank in the country – surfaced.
Last month, Belgian Foreign Ministry confirmed NDTV Mehul choksi Was in the European country.
In a communication, he said that he was aware of his presence and “attracted great importance and attention on it”.
However, the ministry said that they do not comment on personal matters. Nevertheless, “FPS continues to closely follow the developments in this important case in foreign affairs”.
According to reports, Choksi is in Antwerp with Belgian citizens, Preeti Choksi, after receiving the ‘Residency Card’ in the country.
A citizen of Antigua and Barbuda, he allegedly left the island nation for medical treatment. In 2021, he went missing from Antigua, by speculation kidnapped by an Indian official – an absurd claim proved wrong, as he was found on another Caribbean Island Rashtra – Dominica.