Sources said that after the Interpol Red Notice against him for arrest was “deleted”, Indian agencies, the Enforcement Directorate (ED) and the CBI, moved for his extradition from Belgium.
Choksi, his nephew and fugitive diamond trader Nirav Modi and their family members and employees, bank officials and others were booked by the two agencies in 2018 for perpetrating the alleged loan fraud at the Brady House branch of PNB in Mumbai.
ED alleged that Choksi, his firm Gitanjali Gems and others “committed the offence of cheating against Punjab National Bank in connivance with certain bank officials by fraudulently getting the LOUs (letters of undertaking) issued and got the FLCs (foreign letter of credit) enhanced without following prescribed procedure and caused a wrongful loss to the bank.”
The ED has filed three charge sheets against Choksi till now. The CBI too has filed similar charge sheets against him.
