The fugitive jeweler Mehul Choksi was arrested in Belgium, said a source of the Indian Control Directorate ReutersSeven years after the details of his participation in one of the largest bank frauds in India, they were made public.
The Indian government had sent an extradition request from Choksi before its arrest, but it is likely to challenge it for medical reasons, the source added.
Punjab National Bank (PNB), the second largest state lender in India for assets, had announced in 2018 that he had discovered alleged fraud with a value of $ 1.8 billion in a single branch in Mumbai.
The Bank had filed a criminal complaint before the Federal Investigation Agency of India against several entities, including multimillion -dollar jeweler Nirav Modi and Choksi, his uncle and the managing director of Gitanjali Gems, saying they had disappointed PNB.
The Federal Police of India presented fraud charges against Choksi, Nirav Modi and others in relation to the suspicion of participation in fraudulent transactions that led to great losses for PNB.
The two diamond magnates have denied any irregularity.
Chaksi said in a letter in 2018 that “the investigating agencies were acting with predetermined minds and interfering with the course of justice.” Reuters He could not immediately contact his lawyer on Monday.
Nirav Modi fled from India in 2018 before the details of his alleged role in the case were made public. He was arrested in Britain in 2019 and remains in custody there, although he has lost an extradition appeal.
Last week, a Canadian businessman born in Pakistani accused of helping to orchestrate the 2008 attacks in Mumbai landed in New Delhi after the United States extradated it in the first transfer in a case of terrorism.
