Overview

• The CBI has approached a magistrate court seeking a non-bailable warrant (NBW) against Mehul Choksi in the ₹55.27 crore Canara Bank-led consortium fraud case.
• The NBW is intended to bolster India's extradition request for Choksi, who was arrested in Belgium on April 12, 2025, following an earlier request by Indian authorities.
• A special sessions court remanded the NBW application to a magistrate court, citing jurisdictional limitations due to the absence of corruption charges and public servant involvement in the case.
• The fraud case alleges that Bezel Jewellery, promoted by Choksi, diverted sanctioned working capital loans to related entities, including Gitanjali Gems, rather than using them for authorized business purposes.
• This legal effort is part of a broader push by Indian agencies to meet treaty requirements and overcome procedural hurdles to secure Choksi's extradition from Belgium.