A 3-judge bench in Antwerp on Wednesday denied bail to fugitive businessman Mehul Choksi, wanted in India’s ₹13,500 crore Punjab National Bank scam.
Proceedings were held in Dutch, and Choksi, arrested last week on India’s request, remains in Belgian custody.
Bail Bid Turned Down
Choksi’s lawyer, Vijay Aggarwal, expressed disappointment but vowed to press on. “Unfortunately, my client has been denied bail today. In Belgium, we can reapply as often as needed,” he said, signaling a fresh application once the court’s comments are reviewed.
Extradition Challenge
Choksi’s defence will oppose any extradition on two fronts:
- Political motivation of the charges
- Health and medical treatment concerns in Indian facilities
Aggarwal noted that Choksi has offered to assist Indian investigators via video link, citing his ongoing medical issues.
India issued non-bailable warrants against Choksi in 2018. Previous extradition attempts—from Dominica, then Antigua—collapsed amid claims of procedural irregularities and health crises. Choksi, who underwent cancer treatment in Antigua, traveled to Belgium seeking care.
What Lies Ahead?
Under Belgian law, multiple bail petitions are permissible. Choksi’s team plans to file a new plea on strengthened grounds shortly. Meanwhile, Indian authorities await formal extradition proceedings to bring him home to face trial.
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