New Delhi, April 14 -- After the arrest of fugitive Indian businessman Mehul Choksi in Belgium, his lawyer, Vijay Aggarwal, said on Monday that they will be filing an appeal to release the businessman from custody, citing his ill health and ongoing cancer treatments.

Choksi was arrested in Belgium on Saturday after local authorities confirmed his presence in the country. Sources said that preparations were being made for his extradition to India. However, Choksi has started preparing for a legal battle, with lawyers looking to secure bail.

"My client, Mehul Choksi, has been arrested in Belgium, and at the moment, he is in custody. We will be starting the process of filing an appeal against this, and then, as a process of appeal, we will...