In a major development in one of India’s largest financial fraud cases, Belgium’s Antwerp Court of Appeal has approved the extradition of Mehul Choksi, the fugitive businessman accused in the ₹130 billion Punjab National Bank (PNB) scam, to India. The court dismissed Choksi’s claims of political persecution and abduction, clearing the way for his return to face charges in Indian courts.
Background of the Case
Mehul Choksi, once a prominent jeweler, fled India in 2018 amidst allegations of fraud and embezzlement connected to the PNB scam. The scam, one of the biggest in India’s banking history, involved fraudulent letters of undertaking that led to massive financial losses for the state-owned bank.
Since fleeing, Choksi has been residing in the Caribbean and later in Belgium. Indian authorities have been pursuing legal avenues to secure his extradition, citing both criminal charges and the need to ensure justice for victims of the scam.
Belgian Court Decision
The Antwerp Court’s decision marks a significant legal victory for India. The court concluded that Choksi’s claims of political persecution were unsubstantiated. Lawyers representing India argued that the extradition request was legally sound and fully compliant with international extradition norms.
A senior Indian official stated, “This is a positive step toward ensuring accountability and justice. The Belgian court has upheld the rule of law, and we look forward to Choksi’s return to India to face trial.”
Implications for India
Choksi’s extradition is expected to have far-reaching implications for India’s efforts to combat financial crimes. Legal experts note that securing his return will send a strong message to white-collar criminals that fleeing the country does not absolve one from accountability.
Ravi Shankar, a criminal law analyst, commented, “Extradition cases of high-profile financial fugitives are always complex. Belgium’s decision demonstrates the importance of diplomatic and legal coordination in international cases.”
The Indian government has reiterated its commitment to fighting corruption and financial fraud, highlighting that recovering Choksi will also aid in the recovery of looted funds.
Public and Media Response
The case has been widely covered by Indian media, with public interest running high due to the enormous scale of the PNB scam. Social media reactions have ranged from relief to calls for stricter oversight of the banking system. Many commentators have emphasized the importance of a speedy trial once Choksi returns to India.
One Twitter user remarked, “Finally! India is showing that no one is above the law, no matter how wealthy or powerful.” Another pointed out, “This is a reminder to all financial institutions to strengthen compliance mechanisms.”
Next Steps
Following the Belgian court ruling, Indian authorities will coordinate with Belgian officials to arrange Choksi’s extradition. Upon arrival, he is expected to be produced before Indian courts for trial proceedings related to the PNB scam. Authorities have assured that due process will be followed meticulously.
The legal teams on both sides are also expected to manage the logistics of the extradition, including travel arrangements, security measures, and ensuring adherence to international legal protocols.
Key Takeaways
Belgian court approves Mehul Choksi’s extradition to India.
Choksi’s claims of political persecution were dismissed.
He will face charges in the ₹130 billion PNB scam.
The ruling strengthens India’s position in pursuing white-collar criminals internationally.
Authorities are coordinating logistics for his return and trial.
This ruling represents a landmark moment in India’s fight against financial crime and fraud, reinforcing the principle that no individual can evade justice by crossing borders.
