PNB scam
Belgium's Supreme Court Rejects Mehul Choksi's Appeal Against India's Extradition Request in Rs 13,000 Crore PNB Fraud Case
Dec 10, 2025 02:02 am CST
Belgium's Court of Cassation has rejected fugitive diamond trader Mehul Choksi's appeal against India's extradition request related to the Rs 13,000-crore Punjab National Bank fraud. The ruling upholds the Antwerp Court of Appeal's decision that declared India's extradition request "enforceable," dismissing Choksi's claims of potential unfair trial or mistreatment in India. This development marks a significant step in India's efforts to bring Choksi to justice for allegedly siphoning off Rs 6,400 crore in the massive banking scam.
Court Rejects Mehul Choksi's Plea to Dismiss Fugitive Economic Offender Status in ₹13,000 Crore PNB Fraud Case
Nov 29, 2025 02:51 am CST
A special Mumbai court has rejected diamantaire Mehul Choksi's application to dismiss proceedings classifying him as a Fugitive Economic Offender in the ₹13,000 crore Punjab National Bank fraud case. Despite his recent arrest in Belgium, the Enforcement Directorate successfully argued that FEO proceedings can only terminate when the accused returns to India. Choksi continues to fight extradition while his nephew and co-accused Nirav Modi remains imprisoned in London.
ED Transfers Four Mumbai Properties Linked to Mehul Choksi in PNB Fraud Case Recovery Efforts
Nov 25, 2025 02:30 am CST
The Enforcement Directorate has transferred four Mumbai residential flats connected to Mehul Choksi to a liquidator as part of ongoing recovery efforts in the Rs 6,097.63 crore Punjab National Bank fraud case. This action adds to the Rs 2,565.90 crore in assets already seized, with proceeds intended to benefit victim banks and creditors through court-supervised auctions.
Belgium Supreme Court to Hear Fugitive Diamond Trader Mehul Choksi's Extradition Appeal on December 9
Nov 21, 2025 02:55 am CST
Belgium's Court of Cassation will hear fugitive diamond trader Mehul Choksi's appeal against extradition on December 9. The Antwerp Court of Appeals previously ruled his extradition to India enforceable, rejecting claims of unfair trial risks. Choksi, accused in a Rs 13,000 crore PNB scam, fled India in 2018 before the fraud was discovered.
Mehul Choksi Challenges India Extradition Order in Belgium's Supreme Court: Latest Updates on PNB Scam Case
Nov 04, 2025 02:33 am CST
Fugitive diamond merchant Mehul Choksi has appealed to Belgium's Supreme Court against his extradition to India in the Rs 13,000 crore PNB fraud case. The Antwerp Court of Appeal previously ruled his extradition as "enforceable," finding no risk of unfair trial or ill-treatment in India. Choksi, who fled to Antigua in 2018 before the scam was detected, allegedly siphoned Rs 6,400 crore personally. His extradition remains suspended during the appeal process.
Belgium Court Approves Mehul Choksi's Extradition to India in PNB Fraud Case: Legal Analysis and Next Steps
Oct 22, 2025 01:41 pm CST
A Belgian court has approved the extradition of fugitive diamond trader Mehul Choksi to India, finding no legal barriers to his transfer. The court dismissed Choksi's claims of potential persecution, ruling that charges related to the Rs 13,850 crore Punjab National Bank fraud are serious enough to justify extradition. While Choksi can appeal within 15 days, the ruling represents a significant step toward bringing the 65-year-old businessman to justice in India.
Nirav Modi Reveals "Sensational Developments" Coming in UK Extradition Case: PNB Fraud Investigation Update
Oct 19, 2025 02:24 am CST
Fugitive diamond merchant Nirav Modi, imprisoned in London for over six years on fraud charges related to the $2 billion PNB scam, has informed a UK court about upcoming "sensational developments" in his extradition case. While defending himself in an unrelated $8 million Bank of India debt case, Modi expressed optimism about his prospects as a new hearing approaches in November following the court's acceptance of fresh evidence in his long-running extradition battle.
Maiank Mehta Granted Pardon in PNB Fraud Case: Nirav Modi's Brother-in-Law Turns Approver
Sep 27, 2025 11:20 am CST
Nirav Modi's brother-in-law Maiank Mehta has been pardoned by a special court in the Punjab National Bank fraud case, becoming an approver who must provide full disclosure about the Rs 13,000 crore scam. The British citizen voluntarily returned to India in 2021 to assist investigations into one of India's largest banking frauds.