Arrest in $1.8 Billion Bank Fraud Case Involving Indian Jeweler

April 14, 2025, 11:49 am

Authorities have successfully arrested a fugitive Indian jeweler in Belgium, accused of playing a central role in a colossal $1.8 billion bank fraud involving Punjab National Bank. The suspect, along with his diamond tycoon nephew, faces intense scrutiny amid allegations of orchestrating one of India’s biggest financial scams. This cross-border arrest highlights an international effort to tackle high-profile financial crimes, with law enforcement agencies collaborating to secure evidence and move forward with legal proceedings that could have far-reaching implications for global financial oversight.

Bluesky: @winnipegfreepress.com

torontosun.com / A fugitive Indian jeweller accused of a $1.8B bank fraud has been arrested in Belgium

NEW DELHI — Fugitive Indian jeweller Mehul Choksi, who has been accused of involvement in one of India’s biggest bank frauds, has been arrested in Belgium, his lawyer said Monday. Choksi and his diamond tycoon nephew Nirav Modi are accused of a $1.8 billion fraud involving Punjab National Bank,...

citynews.ca / A fugitive Indian jeweler accused of a $1.8bn bank fraud has been arrested in Belgium

NEW DELHI (AP) — Fugitive Indian jeweler Mehul Choksi, who has been accused of involvement in one of India’s biggest bank frauds, has been arrested in Belgium, his lawyer said Monday. Choksi and his diamond tycoon nephew Nirav Modi are accused of a $1.8 billion fraud involving Punjab National...

winnipegfreepress.com / A fugitive Indian jeweler accused of a $1.8bn bank fraud has been arrested in Belgium

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Arrest in $1.8 Billion Bank Fraud Case Involving Indian Jeweler

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