After a prolonged period evading authorities, diamond magnate Mehul Choksi has been apprehended in Belgium. The arrest occurred on Saturday, seven years following his departure from India amidst growing scrutiny of a massive financial fraud.
Choksi’s flight from India preceded the exposure of an astronomical scandal involving approximately $2 billion USD (Rs 14,000 crore), making him a key figure in the investigation.
The details surrounding his arrest remain developing. Authorities are working to secure extradition proceedings to bring him back to India to face charges related to the ongoing fraud case.
Here’s what we know so far:
- Fugitive Status: Choksi had been actively evading capture for years, traveling across multiple countries.
- The Scam: He is implicated in a significant financial scheme that defrauded Indian banks of billions of rupees.
- Recent Arrest: His location was reportedly discovered and he was taken into custody over the weekend in Belgium.
As one legal expert noted, “This arrest represents a crucial step in pursuing those responsible for this widespread financial misconduct.”
The case continues to draw international attention as India seeks to recover the funds allegedly misappropriated and hold those involved accountable.
