Overview

• Mehul Choksi, wanted for his alleged role in the ₹13,500-crore Punjab National Bank loan fraud, has been arrested in Belgium.
• Indian agencies, including the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), are advancing extradition efforts following his detention.
• Choksi allegedly used forged documents and false declarations to secure Belgian residency in an attempt to evade extradition to India.
• Interpol's earlier deletion of Choksi's Red Notice had complicated efforts to apprehend him, but Indian authorities persisted in their extradition push.
• Choksi's arrest is a significant step in addressing the massive financial scandal tied to fraudulent letters of undertaking, involving his nephew Nirav Modi and others.