India, April 14 -- The Belgian Federal Public Service of Justice on Monday confirmed that Indian businessman Mehul Choksi had been arrested on Saturday and was being detained until judicial proceedings began.

The Belgian authorities also confirmed that Indian authorities had introduced an extradition request for the fugitive. Choksi has been given access to his legal counsel while in custody.

Choksi, who is wanted by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) in India, allegedly planned to move to Switzerland for cancer treatment before he was caught by Belgian law enforcement authorities.

The businessman had evaded arrest in India and been on the run since 2018, after his allegedly fraudulent activities...