Jammu Tawi, April 14 -- Fugitive Indian diamantaire Mehul Choksi, wanted in the PNB loan fraud case, has been arrested in Belgium on India's extradition request, according to reports.



The 65-year-old was detained on Saturday and is currently in a Belgian jail, news reports said, quoting sources in the CBI, which had put out a Red Corner Notice against him.



India has an extradition treaty with Belgium.



However, Choksi is expected to seek bail and an immediate release, citing health reasons, as he is suffering from cancer.



Choksi, along with his nephew Nirav Modi-who is in London awaiting extradition-is accused of defrauding Punjab National Bank (PNB) of Rs 13,850 crore.



The case, which shook the Indian banking sector i...