India, April 14 -- Fugitive diamantaire Mehul Choksi has been arrested in Belgium on India's extradition request for his role in the PNB bank loan 'fraud' case, a development that comes weeks after media reports confirmed that the businessman is living in country's Antwerp with his wife, Preeti Choksi, after obtaining a 'residency card' there.

The action against the fugitive jeweller was taken on Saturday, according to news agency PTI, which quoted sources as saying that after the Interpol Red Notice against him for arrest was "deleted", Indian agencies, the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI), moved for his extradition from Belgium.

Associated Times, a media outlet that focuses on the Caribbean re...