Overview

• Mehul Choksi, wanted in India for the ₹13,500 crore Punjab National Bank fraud, is currently residing in Antwerp, Belgium, with his wife, Preeti Choksi.
• Indian authorities have initiated extradition proceedings with Belgian counterparts to bring Choksi back to India.
• Choksi allegedly used fabricated documents to secure Belgian residency through an 'F residency card' obtained in November 2023.
• Reports indicate Choksi may move to Switzerland for medical treatment, potentially invoking humanitarian grounds to resist extradition.
• Indian authorities have already monetized ₹2,565.9 crore worth of Choksi's seized properties as part of efforts to recover losses from the fraud.