New Delhi, April 22 -- In a setback to fugitive diamantaire Mehul Choksi, Belgium court on Tuesday rejected his bail plea.

The diamantaire was arrested by Belgium authorities in Antwerp following an extradition request by Indian probe agencies.

He is wanted by Indian probe agencies in connection with a Rs.13,500-crore Punjab National Bank (PNB) loan fraud case.

A three-judge bench heard the arguments before ruling against granting bail, reported ANI.

Last week, India said it is working closely with Belgium for extradition of fugitive diamantaire Mehul Choksi.

"Based on our extradition request, he was arrested. We are working closely with the Belgium side on his extradition so that he can face trial in the country," External Affairs M...