Indian fugitive accused in nearly $2 bln bank fraud arrested in Belgium, source says

Aditya Kalra - Reuters - 14/04
Indian fugitive Mehul Choksi, the jeweller accused of being involved in an alleged fraud of nearly $2 billion against Punjab National Bank in 2018, has been arrested in Belgium, a source with India's Enforcement Directorate told Reuters.
NEW DELHI, April 14 (Reuters) - Indian fugitive Mehul Choksi, the jeweller accused of being involved in an alleged fraud of nearly $2 billion against Punjab National Bank (PNBK.NS), opens new tab in 2018, has been arrested in Belgium, a source with India's Enforcement Directorate told Reuters.
The Indian government had sent a request for Choksi's extradition prior to his arrest, but he is likely to challenge it on medical grounds, the source added.

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Punjab National Bank (PNB), India's second largest state-run lender by assets, had announced in 2018 that it had discovered alleged fraud worth $1.8 billion at a single branch in Mumbai.
The bank had filed a criminal complaint with ...
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