Overview

• Choksi’s August 22 plea seeking house arrest was heard on August 26 and rejected by the Court of Appeal, so he remains in Antwerp prison.
• Belgium’s Court of Cassation had already declined him bail in July after his April 11 arrest in Antwerp on a CBI extradition request.
• Extradition arguments are scheduled for mid-September, with the CBI assisting Belgian prosecutors and retaining a European law firm.
• India’s extradition request cites IPC offences such as conspiracy, cheating, criminal breach of trust and falsification, plus Prevention of Corruption provisions under dual criminality, and invokes UNTOC and UNCAC.
• Investigators detail 2017 LoUs and FLCs at PNB that led to payouts of about ₹6,344.97 crore, while filings in Belgium put the alleged fraud across cases at nearly ₹13,000 crore.