Fugitive Indian dealer Mehul Choksi has been arrested by the police in Belgium in reference to the Punjab Nationwide Financial institution mortgage fraud case, reported The Financial Instances. 

The 65-year-old diamond dealer was arrested on Saturday on the request of the Central Bureau of Investigation and remains to be in jail, as per the report. 

The cops referred to 2 open-ended arrest warrants issued towards Choksi by a Mumbai court docket whereas putting him underneath arrest. The arrest warrants are dated Might 23, 2018, and June 15, 2021. 

Nonetheless, Choksi is predicted to hunt bail and a right away launch citing well being and different causes. 

The fugitive is needed for his alleged involvement in Rs 13,500-crore mortgage fraud in Punjab Nationwide Financial institution. He has been residing in Antwerp together with his spouse, Preeti Choksi. Choksi is a citizen of Antigua and Barbuda and has left the island nation for medical remedy. 

His nephew, Nirav Modi is a co-accused in the identical case and is awaiting extradition from London. 

Each Choksi and Modi fled India in January 2018, per week earlier than the rip-off in Punjab Nationwide Financial institution surfaced.