​A Mumbai court has issued a non-bailable warrant (NBW) against fugitive diamantaire Mehul Choksi in connection with a ₹55.27 crore loan fraud case involving a consortium led by Canara Bank and Bank of Maharashtra. The warrant was issued by Additional Chief Judicial Magistrate R.B. Thakur at the Esplanade Court .

The Central Bureau of Investigation (CBI) alleges that Choksi’s firm, Bezel Jewellery, misused loans sanctioned by the banks, leading to significant financial losses . Choksi, who is also a prime accused in the larger Punjab National Bank (PNB) fraud case, was arrested in Belgium on April 12, 2025, following an extradition request by Indian authorities .​

The court has directed the CBI to file a report on the execution of the warrant by June 2, 2025 .​

Sources