Mehul Choksi, a high-profile diamond dealer wanted in a significant financial scandal involving India's Punjab National Bank, has been arrested in Antwerp, Belgium. This apprehension comes after a lengthy pursuit; Choksi fled India in 2018 just before the fraud accusations were made public, a scandal that turned heads across the nation. His arrest was confirmed by his lawyer on Monday, who mentioned that Indian authorities are eager to extradite him.
Choksi is accused of attempting to deceive the state-run bank of nearly $1.8 billion, sparking a media frenzy and public outrage. Amid concerns over his health, including ongoing cancer treatment, Choksi’s lawyer, Vijay Aggarwal, is advocating for his release, claiming he poses no flight risk. This case echoes the fate of Choksi’s nephew, Nirav Modi, another jeweler arrested in London in connection to the same fraud case, highlighting issues of corruption within India’s banking system and an elite lifestyle financed by taxpayers.
The Indian public remains captivated by the pursuit of justice in this scandal that has cast a shadow over the nation's banking practices.
