Fugitive Diamond Trader Mehul Choksi Has Been Arrested in Belgium Following An Extradition Request From India, Authorities in New Delhi Said on Monday.
The 65-Year-Old is Accused of Being Involved in A Declared Fraud of Nearly $ 1.8 Billion (EUR 1.58 Billion) Against India’s Second-Biggest State-Run Lender by Assets, Punjab National Bank (PNB), in 2018.
Other Declared Wrongdoers within the Frau Consist of Choksi’s Nephew and Fugitive Celeb Precious Jewelry Developer Nirav Method, Various Other Relative and Workers of Their Precious Jewelry Company, Along with some monetary establishment Authorities.
The Largest Bank Scam in India’s History
The Ms. Apparently Involved Using Fored Documents to Raise Credit to Buy and Import Jewels.
It was what considered to be greatest monetary establishment Frau in India’s historical past.
However, Choksi Had Left India Before The Scandal Came to Light.
Indian Authorities Believe Choksi Is Likely to Challenge His Extradition and Seek Bail on Medical Grounds.
So Nirav Method indicated
Choksi’s Nephew, Nirav Modi, Is Waiting for Extradition from London After the UK Authorities Arrested Him in 2019.
The Son of a Diamond Merchant, Modi Built to International Empire and Opened Luxury Jewelry Stores in Several Major Cities Around the World.
He so glad a bunch of Celebrity Customers, Including Actresses Naomi Watts, Kate Winslet and Priyanka Chopra-Jonas
In 2017, Before the Alleged Frau, Forbes Put Modi’s Estimated Wealth at $ 1.73 Billion.
Nirav Modi Shares the Last Name with India’s Prime Minister, Narendra Modi, But the Two Men Are Unrelated.
Edited by: Zac Crellin
