Masterminds Of Deception: How Mehul Choksi, Nirav Modi Fled With Billions
Seven years after he fled India just before the discovery of an astronomical Rs 14,000 crore scam, fugitive diamantaire Mehul Choksi was arrested in Belgium on Saturday. The Belgian Justice Department on Monday confirmed to NDTV that the disgraced businessman was in detention. It further said that India initiated the request for his extradition.
The development brought back one of the biggest financial frauds in India's banking history, involving the state-owned Punjab National Bank, into the spotlight. Mehul Choksi and his nephew Nirav Modi, currently in a London jail, siphoned off nearly Rs 14,000 crore from Punjab National Bank's Brady House branch in Mumbai. They pulled off the mega heist with assistance from bank officials.
