India, April 14 -- The Belgian Justice Department has confirmed the arrest of fugitive Indian businessman Mehul Choksi and said he is currently being held in detention.

The department said the Indian government had introduced a request for his extradition.

Choksi is wanted by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) for allegedly defrauding Punjab National Bank (PNB) of Rs.13,850 crore.

He was previously believed to be residing in Antigua and Barbuda.

However, he left the Caribbean nation for medical treatment, while still holding Antiguan citizenship, Antigua's Foreign Minister EP Chet Greene told ANI on March 19.

The 65-year-old diamond trader has been living in Belgium since November 15, 2023,...