Mehul Choksi Arrested In Belgium Following India’s Extradition Request In PNB Loan Fraud Case
Mehul Choksi Arrested In Belgium Following India’s Extradition Request In PNB Loan Fraud Case
Brussels, Belgium, April 14, 2025 Fugitive Indian businessman Mehul Choksi, accused in the Rs 13,500 crore Punjab National Bank (PNB) loan fraud case, has been detained in Belgium. The development comes after Indian authorities formally requested his extradition.
Choksi had reportedly been residing in Antwerp, Belgium, with his wife Preeti Choksi—a Belgian citizen—since securing an ‘F Residency Card’ on November 15, 2023. His residency status had allowed him to travel freely within Europe, posing a challenge to Indian efforts to bring him back.
Sources told CNN-News18 that the detention was carried out following India’s official extradition request. However, the process may face legal hurdles due to Choksi’s recently acquired residency rights in Belgium.
The businessman, along with his nephew Nirav Modi, is accused of defrauding PNB of over Rs 14,000 crore—making it one of the largest banking scams in Indian history. The Enforcement Directorate (ED) had filed its third chargesheet against Choksi and others in 2022 under the Prevention of Money Laundering Act (PMLA).
Choksi has been declared a Fugitive Economic Offender by the Government of India.
