Mehul Choksi, a wanted runaway diamond trader, has suffered a major blow in a case of Rs 63,000 crore with Panjam National Bank ie PNB. Belgium's appeal court has once again rejected its bail application.
According to officials, Choksi filed a new bail application on August 22. He also suggested the alternative to the court. But the court rejected the argument and clearly stated that it would be dangerous to release it on bail.
The court has earlier rejected the bail application
Earlier, the Belgium court has rejected its bail application. The court agreed with the arguments of the CBI (Central Bureau of Investigation) that if Choksi comes out of jail, he could flee to another country, as he has done before.
The CBI made an argument ..
The CBI detailed the Belgian complaint party that Choksi was constantly avoiding the legal process. He is trying to avoid arrest by fleeing the jurisdiction of various courts of many countries. For this reason, Indian agencies recommended Belgian court not to grant him bail. It is noteworthy that Choksi was arrested in Belgium on the basis of CBI extradition request from April 2025.
The next hearing on extradition will be held in September
Officials said that detailed arguments in the extradition case of Choksi will be held in the Belgian court in mid -September. The CBI is helping the Belgian complaint party to prepare a strong legal base to bring it to India.
Who is Mehul Choksi?
66 -year -old Mehul Choksi owns the Gitanjali Group. He is accused of cheating Rs 13,000 crore with his nephew Nirav Modi with PNB's Mumbai Brady House Branch. This is an alleged scam that has been made with the combination of fake affidavit and bank officials, called India's largest banking scam.
India's eyes are on the extradition of precision
Choksi has long been surviving Indian agencies. He first fled Antigua and later avoided extradition with the help of various legal complications. Now the Belgian Court's decision is a news of relief for India, as it suggests that their extradition path can be a bit easier.
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