All posts tagged: Punjab National Bank fraud

‘Secret proceedings’ delay fugitive Nirav Modi’s extradition from UK to India again

‘Secret proceedings’ delay fugitive Nirav Modi’s extradition from UK to India again

Fugitive diamantaire Nirav Modi’s extradition to India may be on hold because of a second asylum claim by him, HT learns. UK tells India Nirav Modi cannot be extradited yet over ‘secret proceedings’ (File photo) New Delhi has won in all extradition proceedings concerning Modi in UK courts, but his repatriation appears to have hit a roadblock, with British authorities informing their Indian counterparts that he cannot yet be extradited due to certain “secret proceedings”, highly placed officials told HT. London has neither officially nor unofficially shared with New Delhi the nature of these “secret proceedings”, but this is generally the term used for a plea for asylum. Modi made an earlier asylum plea in 2018, but this was rejected last year. But Indian officials aren’t ruling out the possibility of Modi making a fresh asylum claim in the UK on humanitarian grounds — particularly by citing the Sanjay Bhandari case and arguing that there has been a significant change in the circumstances since his previous application. Over the past year, Modi unsuccessfully argued before …

Gold Loan Scam: PNB Manager Accused Of Stealing Customers’ Gold Worth Rs 6.5 Crore | India News

Gold Loan Scam: PNB Manager Accused Of Stealing Customers’ Gold Worth Rs 6.5 Crore | India News

Last Updated:February 04, 2026, 20:58 IST The scam surfaced after tampering was detected in gold packets in the bank’s strong room, with police finding fake jewellery in 73 packets and 3 underweight ones An initial internal audit by the bank revealed a shortage of 4,198 grams of gold, pegged at approximately Rs 6.5 crore. (Representational Image) The contours of a major gold loan scam at a Punjab National Bank (PNB) branch at Nawalgarh in Rajasthan’s Jhunjhunu district are gradually emerging, with investigations pointing to the alleged misappropriation of more than 4 kgs of gold valued at around Rs 6.5 crore. According to investigators, the fraud took place at the bank’s Nansa Gate branch, where the then branch manager, in collusion with two associates, is accused of siphoning off gold pledged by customers as collateral for loans. Police say the accused allegedly used the proceeds to purchase high-value land parcels and establish a dairy plant. The scam came to light after tampering was detected in gold packets stored in the bank’s strong room, triggering panic among …

London court puts off first hearing on Nirav Modi’s plea to reopen extradition case

London court puts off first hearing on Nirav Modi’s plea to reopen extradition case

NEW DELHI: The first hearing on fugitive diamantaire Nirav Modi’s appeal against his extradition to India, scheduled for Tuesday in London, has been postponed until the end of February 2026, people familiar with the development said. Nirav Modi (FILE) Officials said the hearing was postponed because Nirav Modi’s legal team requested time to submit certain documents. A Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) team travelled to London for Tuesday’s hearing and is understood to have met with Crown Prosecution Service (CPS) lawyers, who will argue the case before the UK court on behalf of India. As first reported by HT, a Westminster court admitted Modi’s plea to reopen his extradition case in August. He had alleged that, if extradited, he would be interrogated by multiple agencies and may face torture during such interrogation. The Indian government has already sent a letter of assurance to London – a sovereign guarantee of sorts – stating that the fugitive diamantaire, in the event of extradition, “will only face trial” in India and “won’t be interrogated …

All about 125-year-old extradition treaty India is using to bring Mehul Choksi from Belgium | Latest News India

All about 125-year-old extradition treaty India is using to bring Mehul Choksi from Belgium | Latest News India

Mehul Choksi, a fugitive diamond trader accused of defrauding the Punjab National Bank of over ₹13,500 crore, has been arrested in Belgium after a seven-year-long struggle by Indian agencies to extradite him to India. Mehul Choksi was arrested in Belgium on Saturday.(File/ANI ) Mehul Choksi was arrested on Saturday while he was reportedly preparing to flee to Switzerland citing medical reasons. However, Belgium authorities acted swiftly on request of Indian investigation agencies – Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) and arrested him. Wasting no time, Indian agencies reportedly made use of an almost 125-year-old extradition treaty between India and Belgium and have requested Choksi’s extradition so he can be tried for the charges levied against him. Also read: ₹63 lakh maintenance for Mumbai flats: Report”>Mehul Choksi, arrested in Belgium, owes ₹63 lakh maintenance for Mumbai flats: Report India-Belgium extradition treaty The treaty was first signed on 29 October 1901 between Britain, which was ruling India at the time, and Belgium and underwent amendments in 1907, 1911, and 1958. However, after India gained …

Plastered With Notices, This Is Mehul Choksi’s House In Mumbai. Here’s What It Costs

Plastered With Notices, This Is Mehul Choksi’s House In Mumbai. Here’s What It Costs

Last Updated:April 14, 2025, 17:29 IST Mehul Choksi, India’s most wanted fugitive in the PNB scam, was caught in Belgium. Indian authorities are working on his extradition. His Mumbai home, worth Rs 70 crore, faces legal issues. The property, symbolic of Choksi’s once opulent lifestyle, now stands as a testament to his legal woes. (News18 Hindi) India’s most wanted fugitive, Mehul Choksi, has been apprehended in Belgium on Saturday, a significant development in the high-profile Punjab National Bank (PNB) scam case. Indian authorities are working towards his extradition, though Choksi, accused of a Rs 13,500 crore fraud, may seek bail, potentially complicating the process. Choksi, residing with his wife in Belgium, presents unique challenges for extradition due to her Belgian citizenship. The timeline for his return to India remains uncertain. Meanwhile, News18 has examined Choksi’s Indian residence, providing insights into his lavish lifestyle. Choksi’s home is in Gokul Apartment in Malabar Hill, one of Mumbai’s most prestigious neighbourhoods. News18’s visit revealed walls plastered with legal notices from the Directorate of Enforcement (ED), Income Tax Department, …

Mehul Choksi To Challenge Extradition In Belgium, His Lawyer Says ‘Political Case…’

Mehul Choksi To Challenge Extradition In Belgium, His Lawyer Says ‘Political Case…’

Last Updated:April 14, 2025, 10:50 IST Mehul Choksi, arrested in Belgium, will challenge his extradition to India, citing inhuman prison conditions. His lawyer references the London court’s ruling in Sanjay Bhandari’s case. Fugitive businessman Mehul Choksi | File Image/ IANS Mehul Choksi, who was arrested in Belgium, is likely to challenge his extradition to India citing inhuman conditions in Indian prisons.  Speaking to CNN-News18, Choksi’s lawyer Vijay Aggarwal referred to London’s high court ruling in India’s extradition appeal against discharge of Sanjay Bhandari, a consultant in the defence sector wanted in India on alleged tax evasion and money laundering charges.   “An appeal will be filed. During that appeal process, we will request that he should not be detained and he should be permitted to challenge the extradition by being out of prison,” he said. Who Is Mehul Choksi And What Are The Financial Crimes He Is Accused Of?  When asked about grounds of Choksi’s appeal, Aggarwal said, “Generally there are two grounds– this is a political case and human rights of the client will be …

From Antigua to Antwerp: How fugitive diamond trader Mehul Choksi landed in Belgian custody | Latest News India

From Antigua to Antwerp: How fugitive diamond trader Mehul Choksi landed in Belgian custody | Latest News India

Apr 14, 2025 10:30 AM IST Mehul Choksi’s legal team has said that the fugitive Indian businessman has strong grounds to challenge the extradition request. Fugitive businessman Mehul Choksi, wanted in India for his alleged role in the multi-crore Punjab National Bank (PNB) fraud case, has been arrested in Belgium. Fugitive businessman Mehul Choksi. (Antiguanewsroom) The arrest comes years after Mehul Choksi fled India in 2018 and acquired citizenship in Antigua. It was carried out following requests by Indian agencies, including the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED), acting on non-bailable warrants issued by Mumbai courts. However, Choksi is preparing for a legal battle. His defence team plans to seek bail and has said it will oppose the extradition move, news agency ANI reported. The legal team argues that Choksi has strong grounds to contest the extradition request, citing his health condition among other reasons, the report added. Here’s a quick timeline of events before his arrest: 2017: Mehul Choksi acquired Antiguan nationality. 2018: Choksi fled India, initially travelling to the …