Mehul Choksi, wanted in connection with the Punjab National Bank (PNB) loan fraud case, has been arrested by the police in Belgium.
New Delhi:Mehul Choksi's lawyer on Monday said they will appeal against his arrest in Belgium, two days after the 65-year-old diamantaire, wanted in connection with the massive Punjab National Bank (PNB) loan fraud case, was taken into custody by the Belgian police.
Choksi and his nephew, Nirav Modi, are wanted by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) for allegedly defrauding the bank of more than Rs 13,500 crore in 2018.
Choksi's lawyer, Vijay Aggarwal, said they would file an application against his arrest and would also oppose India's extradition request.
"My client is not a flight risk. He is extremely sick and is undergoing treatment for cancer," Aggarwal told reporters in Delhi while citing grounds for Choksi's appeal.
"We believe that it is a political case," he said.
Mehul Choksi fled India weeks before details of his alleged role in the PNB scam case became public.
The bank had filed a criminal complaint against several entities, including Choksi, Modi and the managing director of his firm, Gitanjali Gems. It was alleged that they used letters of undertaking (LoUs) and foreign letters of credit (FLCs) by bribing officials of the bank's Brady House branch in Mumbai.
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