Overview

• Choksi’s fresh bail bid filed on August 22, proposing house arrest under surveillance, was heard by the Brussels Court of Appeal and rejected this week, keeping him in an Antwerp prison.
• He was arrested in Belgium on April 11 on a CBI extradition request, and an earlier bail attempt before the Court of Cassation was also refused.
• Extradition arguments are scheduled for mid-September, with Belgian prosecutors to present a case supported by evidence and briefings provided by a visiting CBI team, which plans to retain a European law firm.
• India’s request cites IPC conspiracy, cheating and falsification charges and Prevention of Corruption provisions to meet dual criminality, and it invokes UNTOC and UNCAC.
• CBI filings say fraudulent LoUs and FLCs tied to Choksi’s firms led PNB to pay ₹6,344.97 crore, part of a broader alleged scheme estimated at about ₹13,000 crore.